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It is, according to him. The world may not believe him, but that's the statement he made. And he stands to lose up to $10 if he lied or misjudged it.
by virgilp 8y ago
It is, according to him. The world may not believe him, but that's the statement he made. And he stands to lose up to $10 if he lied or misjudged it.
- JumpCrisscross 8y ago> that's the statement he made More fundamentally, valuations are a metric on stock price and shares outstanding. The latter, too, is a metric on a company’s charter, outstanding (and anticipated) warrant and option and conversion obligations, et cetera. The concrete quantum is the trade. Everything else is educated conjecture.
- elif 8y agohe doesn't have to believe it's worth 10k. he just has to believe that someone else can be convinced it's worth 11k.
- virgilp 8y agoRight, he doesn't have to believe what he stated - "lie" was one of the possibilities I listed. But you can't claim the gesture is meaningless.
- synaesthesisx 8y agoExactly. Take almost any tech startup (Uber for instance, is not worth anywhere near $100B but they've managed to convince investors otherwise)