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This is absolutely not true. I buy a billionth or trillionth of various friends' bad ideas for a dollar time and again, producing equal or higher valuations ins
by theDoug 8y ago
This is absolutely not true. I buy a billionth or trillionth of various friends' bad ideas for a dollar time and again, producing equal or higher valuations instantly. I've been doing this for more than a decade.
- adamnemecek 8y agoI agree but this is how valuations work. Also there’s a pressure for the investor to invest more to make their cut worth more.
- wtvanhest 8y agoI bet you dont even get liquidation preferences or prefered dividends! Got to get those terms locked in and you could value it for trillions. Who cares if you get a minimum of 2x on your investment? Just keep calling what you are buying from your friends 'equity' and let them have their big valuations!