Is Slide really worth $500 million?

 

 

Business Week and The NY Times are reporting that Slide has raised $50 million at a valuation of over half a billion.

A few months ago Slide was fishing aorund for a valuation of at least a $200 million valuation. The talk obviously got investors talking and this is now Slide's fourth round of funding.

As often happens in big later stage rounds, the well known Silicon Valley venture firms sat the deal out. Investors in this round include Fidelity Investments and T. Rowe Price.

The big questiosn remains as to what Slide are doing.  At present they are simply a widget company with a 150 million users worldwid.  While the user base is great, there is still little indication of a unique and clever route to turning the user base into revenue.  While Slide is starting to move into ad sales, they are likely to need another source of revenue to justifiy this large valuation.

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