Why Life360 founder Chris Hulls insists the family tracker could be worth $100 billion
The California-based software company has been one of the ASX’s top performers in recent years.
The ASX is home to major players such as pharmaceutical giant CSL and banking heavyweights NAB and Westpac. Now, the founder of Life360 believes his family tracking software company has the potential to join their ranks in the $100 billion club.
Currently trading at a market valuation of $5.9 billion, Life360’s stock has surged 230% since 1 January. Asked by Capital Brief if he’s considered stepping down as CEO after 17 years at the helm, Chris Hulls said he simply can't. Not until the company gets closer to an 11-figure market cap.
"There could be a day, but I'm here for many years," he said. "We feel there's a huge opportunity to be a $100 billion business, and I think I'm the right person to lead that. If I ever felt like I were not needed, that would be one thing, but right now I feel I am."
The company has been a strong ASX performer in recent years. Even without exposure to the AI boom, Life360 rebounded from a post-pandemic low of $2.51 in June 2022 to hit a record high of $26.45 on Tuesday.
