Estimated Value: $500 million
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Business: A subscription based job search and recruiting site focusing only on jobs paying over $100,000.
Location: New York, NY
More Info: About The Ladders
CEO: Marc Cenedella
Investors: Matrix Partners, Kevin Ryan, CEO, Alley Corp., Tom Matlack, Megunticook Management, and Robert Chefitz, NJTC Venture Fund.
Analysis: We estimate that TheLadders.com will generate $60 million in revenue in 2008, up from about $35 million in 2007. The company is currently running at cash-flow breakeven. Long-term, it should have a mid-range operating margin (20%-30%).
We're applying an 8X-10X revenue multiple, to arrive at a valuation of $500 million.