WHOAYou have to remember that no-one actually thinks it's worth $200m.
You have a group of investors placing a $9m bet that it will actually be worth a lot more. With Roam's owners trying to give away as little as possible in exchange for circa $10 m.
The key to the price was the success of the believers scheme and $15 a month subscription.
What happens next will depend on how successfully Roam deploy the money.
First steps seem to be teams (collaborations) and an API.
AH! thanks, yes that is revealing.
The thing they are investing in is the feature users want the least, at least users like us.
I feel like the logic is:
Many of us want something where our files are agnostic. Hence markdown text files.
But for the business to work, it needs to be subscription.
But that probably means agnostic files is not going to be a primary feature.
So then it better have some other great features, which it does.
But is that enough to get people to give subscription money?
Not necessarily, because the whole point was to get an agnostic system. It's not like we were looking for these new features initially. Otherwise, if we don't care about the files, we can use any number of systems with cool features. The whole things counter-productive to me.