-16%

est. 2Y upside i

DevOps & InfraSeries C

Project management and issue tracking tool built for software teams

Rank

#2633

Sector

Developer Tools

Est. Liquidity

~3Y

Data Quality

Data: Medium

Despite Linear's strong product and $100M revenue at a $1.25B valuation, the high multiple (12.5x) and competitive threat from Atlassian and Asana imply limited upside over 2 years.

Last updated: July 19, 2026

Bull (20%)+39%

IPO window or category leadership expands multiple to 10x; revenue reaches $193M. Net of 15% dilution, upside 39.4%.

Base (40%)-7%

Multiple converges to 7x, in line with peers; revenue $193M. After 15% dilution, downside 6.9%.

Bear (40%)-53%

Multiple compresses to 4x due to incumbent pressure; revenue $193M. Preference not triggered but 15% dilution leads to 53.2% loss.

Est. time to liquidity~3.0 years
Adjusted for competitive dynamics: -14% (raw: -16%, adjustment: +2%)

Preference Stack Risk

moderate

Funding Intensity

1070%

Total funding of $134M equals 10.7% of valuation; preferred 1x non-participating, so common would see negative returns only if exit below $134M.

Dilution Risk

low

Company is profitable with low capital intensity; no immediate need for raise, but 15% dilution assumed over 2 years.

Secondary Liquidity

none

No secondary market activity reported; liquidity likely tied to IPO or acquisition.

GTM — 11 roles

Product — 8 roles

Operations — 2 roles

View all 21 open roles at Linear →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Linear's data — designed to show you've done your homework.

  • 1

    “How does Linear plan to differentiate from Atlassian's suite beyond speed?”

  • 2

    “What is the long-term revenue growth trajectory and path to $1B ARR?”

  • 3

    “How does the equity grant's strike price or valuation reflect liquidity timeline?”

Community

Valuation Sentiment

Our model estimates -16% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.