I agree. I don't want to fall prey to the same problems the article does, and fold tech crunch in as a single entity as well as a single sector, but: It is pre

I agree. I don't want to fall prey to the same problems the article does, and fold tech crunch in as a single entity as well as a single sector, but: It is pretty fucking laughable that an article in techcrunch is decrying the glorification of unicorn / startup culture. What, if not publications like this, created that culture? This isn't some hyper exclusive off-campus party in college. Shoe companies need backend accounting software. Every company needs technology? > He hasn't seen the term sheets for these companies, he hasn't been there for investor meetings and board meetings to discuss long term strategy Obviously, one can to some extent predict how "valuable" a company is. But people are pretty fucking quick to write off M & A and VC deals as "bad" or "overvalued". Paul Graham said something like, 'when I saw how much snapchat was worth I thought wow, it was like someone had measured it and that was the value'. I bet that the team of people and consultants tearing through he books on due diligence, weighing the synergy and value gained by integrating it into the acquiring company, and all of the long term trend analysis, of both companies their unreleased products and long term strategies, have a better picture than me.