Estimated Value: $200 million
Business: Job search engine that aggregates job listings from thousands of sites.
Location: Stamford, CT
More Info: About Indeed
CEO: Paul Forster
Investors: The New York Times Company, Union Square Ventures, Allen & Company
Analysis: Indeed is now the fifth-ranked job search site. Its traffic has grown 92% year-over-year, while Monster's has dropped 54%. 31% of Indeed's traffic comes from search engines like Google and Yahoo--more than any other career site.
We estimate that Indeed will generate about $15-$20 million of revenue in 2008. The company has a high-margin business (low cost of goods sold) and is growing rapidly. We apply a revenue multiple of 10X-15X to arrive at an estmated value of $200 million.