Amazing job and congratulations! This acquisition votes YES on YC's approach to build user experience, on the fact that the real incumbent exists only in your users's hands.
On the other hand, PlanGrid could be worth quite a bit more than this acquisition pays. I don't buy their argument of 100 billion TAM in one of the Medium posts[1], but it surely had greater potential than what is realized in this deal, had it expand into nearby territories.
[Ask HN: When people tell founders that you need to convince investor that yours will be a billion dollar company, do they mean a billion dollar in revenue, or a billion in valuation? There's likely an order of magnitude difference here hence I wonder which is the default during a normal conversation without further qualification on the number.]
Third, video says it had 10k paying customers in 3 years of launch, while at 12k 4 years later when acquired. Was it saturating the market, or was it fighting considerable churn after raising its B round？ Always amazed by the team's ability to sell the service at this price level, that says how much of a pain PlanGrid is solving.
On the other hand, PlanGrid could be worth quite a bit more than this acquisition pays. I don't buy their argument of 100 billion TAM in one of the Medium posts[1], but it surely had greater potential than what is realized in this deal, had it expand into nearby territories.
[Ask HN: When people tell founders that you need to convince investor that yours will be a billion dollar company, do they mean a billion dollar in revenue, or a billion in valuation? There's likely an order of magnitude difference here hence I wonder which is the default during a normal conversation without further qualification on the number.]
Third, video says it had 10k paying customers in 3 years of launch, while at 12k 4 years later when acquired. Was it saturating the market, or was it fighting considerable churn after raising its B round？ Always amazed by the team's ability to sell the service at this price level, that says how much of a pain PlanGrid is solving.
Anyway, job well done!
[1] https://medium.com/plangrid-technology/plangrid-answers-dani...