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I'm all for the healthy skepticism of inflated valuations and the valley's tendency to forget that most venture funded startup wealth is illiquid, but c'mon --
by doctorcroc 10y ago
I'm all for the healthy skepticism of inflated valuations and the valley's tendency to forget that most venture funded startup wealth is illiquid, but c'mon -- what does this comment add to the discussion? Snark is not needed here; I'd rather engage in an earnest conversation about Stripe's valuation (if you have any thoughts there :))
- troels 10y agoPerhaps that was a bit snarky, but then let's also agree that the article is severely oversimplifying things. I guess I just react with annoyance when I see the press do that. I didn't mean to belittle the accomplishment of the founders btw - keeping such a high stake in a company at such a late stage IS impressive.
- doctorcroc 10y agoAgreed, generally if its on bloomberg/TC, etc, it's gonna be simplified for the catchy headline
- cortesoft 10y agoIt does contribute, by pointing out that this 'valuation' in no way makes them billionaires.
- rbcgerard 10y agoI'd say they're closer to being billionaires than being broke...