Raise is doing more than $10 million a month in gross revenues, and keep a 15-percent cut. So they're doing $2 million to $3 million a month in actual revenues. Be generous and call that $40 million in full-year 2015 revenues. This means Raise is being valued at 25 times their revenue.
For the sake of comparison: Facebook trades at 12 times its estimated 2015 revenues.
I'm sure this all makes sense. Faster growth, extrapolate into the future, huge potential on mobile. Right. Yup. Got it.