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20 times more valuable than The Wirecutter?

• ksherlock 10y ago
  You know that Schrödinger guy? The one with the cat box? Well, he had a second box. What's in it? Nobody knows! But as long as you don't open it, it could be anything (dutch tulip bulbs, $1 billion flooz, rare beanie babies... the mind simply reels!) Wirecutter opened up their box and there was revenue and a business plan inside. That's nice I guess but now their box is worthless.
  • qwrusz 10y ago
    Great comment! This is one of the best descriptions I have read on VC investing and startup valuations. If true, doesn't it imply VCs hand over millions without knowing details of a company and founders can benefit from delaying going public..Oh, well whaddya know
  • blunte 10y ago
    I think that's the problem - so many startup investors are people who accidentally got rich off some impossible or meaningless event that they think magic|luck|mystery is what makes more money. At least with Beanie Babies, you knew exactly what you were getting. A Beanie Baby couldn't pivot.