3 ms·
One Kings Lane sold for less than $30M after being valued at $900M
- abstractbeliefs 10y agoI'm quietly hoping that more overvalued companies see huge blowouts on their purchase/IPO prices. I don't really know why companies are currently valued for what they are, and this "dishonesty" in the marketplace will cause only heartbreak for the majority of people in it - for me most notably the engineers who see their promised stock payouts wiped, even though they should know better.
- doug1001 10y ago$30M seems not far off the piece-meal value of their physical assets & hard-dollar equivalents--eg, current inventory, customer lists & purchase histories, a warehouse-sized collection of studio-grade photography gear, (nor sure what else).