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You're looking at historical data to infer the future. If it was so simple you could predict tomorrow's lottery our stock movements. In reality, circumstances
by xchaotic 8y ago
You're looking at historical data to infer the future. If it was so simple you could predict tomorrow's lottery our stock movements.
In reality, circumstances have changed and there little incentive to go public, there's fixed costs and public scrutiny from unsophisticated investor and bystanders. Now is not the same as previous dip.
- matchagaucho 8y agoOr... are more private companies realizing their unicorn valuations are not justified on a GAAP basis? Wall Street is not keen to underwrite companies with valuations 20x+ revenue.