Yes, Quora still exists, and it’s now worth $2 billion
The company has been very slow to monetize its user base, which Quora says is 300 million unique people a month, and several investors tell Recode that they passed on the deal because of that poor track record of actually making money.
The company told some prospective investors that it did about $20 million in 2018 revenue, which makes a $2 billion valuation a pretty enormous 100x multiple of its prior year’s revenue.
Over time, it evolved into a more organized Yahoo Answers, a classier Reddit, an opinionated Wikipedia. It became especially popular in elite tech circles — as a precursor to their “thought leadership” on self-publishing platforms like Medium — which definitely didn’t hurt its valuation, judged by Silicon Valley investors to be $900 million five years later.
But the reason why investors are betting on what, at first blush, could appear to be a meaningless pile of content, is that Quora, if successful, is a powerful avenue to reach 300 million information-seeking people a month. It is especially popular in India, where over 20 percent of its visitors come from, according to Alexa data.
But despite some challenges with some investors, Quora CEO Adam D’Angelo shouldn’t be wanting for money. He himself is quite rich from his years as Facebook’s first chief technology officer, so wealthy that he in fact put $20 million of his own money into the company’s Series B round of financing.
See the full story here: https://www.vox.com/recode/2019/5/16/18627157/quora-value-billion-question-answer