This satire perfectly sums up the current state of overpriced tech startups who make no revenue. I have always admired Jason and the Basecamp team for what they

This satire perfectly sums up the current state of overpriced tech startups who make no revenue. I have always admired Jason and the Basecamp team for what they have managed to accomplish. The same goes for Atlassian whose founders managed to retain ownership of their company which has grown to be quite profitable. The epitome of the industry as a whole is nicely summed up in this paragraph in the article: >In order to determine the valuation of companies, Bhatnagar typically applies the following formula: [(Twitter followers x Facebook fans) + (# of employees x 1000)] x (total likes + daily page views) + (monthly burn rate x Google’s stock price)-squared and then doubles if it they’re mobile first or if the CEO has run a business into the ground before.