So I glanced through the S-1 real quick. They want to raise $100 million, and so... | Hacker News

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rationalbeats on Nov 17, 2011 | parent | context | favorite | on: Yelp Files For $100 Million IPO

So I glanced through the S-1 real quick. They want to raise $100 million, and so far this year their revenue is about $55 million?

Those numbers seem off to me.

Also they are only pulling in 50 odd million a year? Seems really low.

Did anyone else have to put in a CAPTCHA in the S-1 to read the potential negatives???

joez on Nov 18, 2011 [–]

What seems off about the numbers?

I think the IPO is more about an exit for founders/investors than the actual 100 million amount. That's just the float that they're putting out (not a valuation). 100 million is a credible number they can say they need this amount to grow/reach breakeven.

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