Wednesday, October 25, 2006

Is That ALL it Went For?

BT Buys Counterpane For £21.3m

Less than the total of VC cash put in? How miserable is that?


Anonymous said...

That's about 2x sales, which for a low growth MSS is probably pretty fair.

It's also going to clearly be less than invested capital. Counterpane got going in the go-go days, so there is no way they were going to return big dollars.

Anonymous said...

It actually went for a bit more than is being reported. Around 4x sales...

Dr Anton Chuvakin