Valuing code and valuing a business are two different things. The value of code relates to its utility to its intended purchaser, its quality, and the difficult

Valuing code and valuing a business are two different things. The value of code relates to its utility to its intended purchaser, its quality, and the difficulty of reproducing the same code from scratch. The value of a business is directly related to the bottom line. Companies with no sales are a dime a dozen. They're one step ahead of "ideas", and may even be worse off. A company with no sales is a idea that has proven its ability to fail. $50k is a pipe dream.