Second Measure

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-8%

est. 2Y upside i

Data & AnalyticsSeries A

Rank

#2491

Sector

Alternative Data Analytics

Est. Liquidity

~5Y

Data Quality

Data: Low

High uncertainty due to stale valuation and missing financial data.

Last updated: July 19, 2026

Bull (15%)+27%

Multiple holds at 10x on $12.65M revenue (exit $126.5M) due to AI-driven demand for alternative data. Overall return +26.5%.

Base (50%)+1%

Multiple converges to 8x, exit $101.2M, essentially flat. Minimal upside as valuation aligns with comps.

Bear (35%)-37%

Multiple compresses to 5x, exit $63.25M. Preference stack ($25.5M) absorbs 40% of equity; common stock recovers -100% if exit falls below $25.5M (here $63.25M > $25.5M, so common gets residual).

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

26%

Total funding of $25.5M represents 25.5% of the $100M valuation, creating a significant preference overhang for common stock.

Dilution Risk

low

As a Bloomberg subsidiary, no near-term capital raise is expected; dilution from future rounds is unlikely.

Secondary Liquidity

none

No secondary market exists; Bloomberg employee shares typically lack external liquidity.

Questions to Ask at the Interview

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

  • 1

    “How does Second Measure’s data differentiate from YipitData and Earnest Research?”

  • 2

    “What is the revenue retention rate and expansion strategy within Bloomberg?”

  • 3

    “What is the expected liquidity path for equity (spin-out, secondary sale, or internal appreciation)?”

Community

Valuation Sentiment

Our model estimates -8% 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.