TheLadders.com
USINFO | 2013-05-20 13:25
Estimated Value: $800 million
Last Year’s Rank / Valuation: #19 / $810 million
Business: A subscription-based job search and recruiting site for positions paying $100K+
Location: New York, New York
More Info: About TheLadders.com
CEO: Marc Cenedella
Investors: Matrix Partners, Kevin Ryan, Roger Ehrenberg, Tom Matlack, Megunticook Management, Robert Chefitz and NJTC Venture Fund
Sharespost Index
Analysis: According to Quantcast, TheLadders saw its traffic peak in January 2009 as everyone was losing their job. Since then, visitation has slipped. Perhaps because the people seeking the $100K+ jobs either found a position, stopped looking or resigned to lower paying jobs. In any event, subscriptions have held up nicely with over 4 million paid users with 30K listings. The company has four business lines: subscriptions, resume services, online recruitment services and the international business.
Unfortunately, we do not have 2010 revenue estimates. Last year the company was rumored to have generated ~$90 million in sales. If we use a 8x multiple off an estimated $100 million of revenue we get a valuation of $800 million. Additionally, shares trade between a valuation of $700 million and $1.3 billion on Sharespost secondary market.
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