The IPO of a company makes a nice reference point for several reasons:
- It is a specific point in time which is easy to look up
- To go public, a company needs a big amount of traction already
- A lot of data is published for the IPO
"Useful" is in the eye of the beholder. But how much the company is "used" can be approximated by its revenue.
Yahoo had $1.4 million in yearly revenue the year before it IPOed. Coinbase had $1.14 billion. So about a thousand times more. Even when adjusted for inflation, this should be one or two orders of magnitude more.
- It is a specific point in time which is easy to look up
- To go public, a company needs a big amount of traction already
- A lot of data is published for the IPO
"Useful" is in the eye of the beholder. But how much the company is "used" can be approximated by its revenue.
Yahoo had $1.4 million in yearly revenue the year before it IPOed. Coinbase had $1.14 billion. So about a thousand times more. Even when adjusted for inflation, this should be one or two orders of magnitude more.