That seems like a big jump, circa 1000 a day since last update 
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Indeedā¦wonder what has caused the jumpā¦
Probably the turbulences in the market due to the second lockdown
Looks like we have already smashed through the 250K ceiling. Bomber jackets all round I say. Well done FT team, absolutely smashing it 
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Well I got an email from NS&I informing me that they are destroying the interest rates on their accounts, if other institutions are following the same then maybe people are thinking now is the time to finally put their money to work.
I cashed in my premium bonds and bought GGP and my boys money is in an NS&I junior ISA and if Freetrade had a JISA I would move his money over asap.
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Great work zac. Did there used to be a graph that had the user numbers plotted against the last raise expectations? Iāve been following this thread that long I canāt remember if Iāve seen that for this years raise or last 
I think it used to have something from round 5. Iāve just included the 2020 estimate and 2021-2023 projections from round 6.
Itās worth noting that these are projections of active users, while the graph is tracking total users. The round 6 pitch deck does show monthly active users, but not yearly active users, which I think is what is being projected on slide 17.
Morale of that story is that I would expect the total user line to need to go [well] above the blue dots.
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Ahh thatās right, active users in the pitch. Thatās great zac 
Hereās one more zoomed back in and adjusted a little. Itās interesting looking from this far out, the little bumps in growth are really smoothed out.
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IPO by 2025? 
lol
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Based on user numbers, does anyone know when FT smashed the 250K ceiling? Tuesday, Wednesday, Thursday? I am asking to keep correct data records. Thanks!
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Back of envelope valuation question. Assuming 11b valuation for 3 million total users of Robinhood, can we assume rough valuation of FT to be 1b when it reaches 300k users?
I believe that will mean almost 5-6X times value of each share from the valuation in last crowdfunding round.
Not to say that there is a right or wrong way to value startups, but iād caution against valuing them just by users like that, itās simply not that simple. āUsersā is a vanity metric: itās just the number of people that have downloaded the app and may not even use it again after that. Active users is a better number to go by, but even then I think the revenue, growth, etc are far more important when valuing a startup at this stage.
Back to the point though, Robinhood made $60m in 2019 whereas Freetrade made <$1m. They are on completely different scales. I too believe Freetrade will prove to be a success, but there is a looong way to go before a 1bn valuation imo, a 1bn valuation just for hitting 300k users - when revenue, etc is still very small- would seem a ridiculous overvaluation to me.
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Unsure where you got 11b val and 3 million users from @Blackhawk . As of june they have circa 10m users and their last round was at $11.2b. Iād ballpark Freetrade to be worth circa Ā£300m at 300k users.
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Roughly 1k a user would land you in ball park territory i think. When SIPPS are launched then youād feel at 300k users and a valuation of 300million would be definately about right.
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We had ~200K users at the last crowdfunding, not sure how a 50% increase in users adds up to 5-6X valuation
Iād love Freetrade to become a multi Billion Ā£ company, but that sounds like wishful thinking to me.
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But future potential is taken into consideration and free trade will never reach the same numbers as robinhood
My opinionās not worth much I guess 
Its all roughly roughly. But if you take freetrade valuation and divide by users youāll see its 900 to 1k thereabouts the last few crowdfunds.
I thougt i read that ft use 25% of their valuation is based on no. Of users but I could be wrong there