Comment by kylecazar
15 days ago
It's the valuation that is wild to me (I think the idea itself has merit). But these are the new economics. I can only say "that's wild" enough before it is in fact no longer wild.
15 days ago
It's the valuation that is wild to me (I think the idea itself has merit). But these are the new economics. I can only say "that's wild" enough before it is in fact no longer wild.
These aren't new economics, it's just VC funds trying to boost their holdings by saying it's worth X because they said so. Frankly the FTC should make it illegal.
That's not how it works at all. Why stop at $300M, why didn't they just say $1BN out the gate?
Of course it's how it works, how else do you justify a company that is making negative profit into some how being worth $300M? Like that's just the game, IDK why people accept it. It's not democratic and all it does it prime the population for fraud and abuse.
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