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Still, it is not worth $16B. It's straight forward existing ideas crowbarred into a modern webapp that really any 10-headed team of highly talented web programm
by terminalhealth 7y ago
Still, it is not worth $16B. It's straight forward existing ideas crowbarred into a modern webapp that really any 10-headed team of highly talented web programmers could come up with and implement within a month or so. So it is maybe worth 10 * $100 000 / 12 = $83 333, so it is overvalued by a factor of 192 000. Highly indicative of an economic bubble.
- buryat 7y ago> a modern webapp that really any 10-headed team of highly talented web programmers could come up with and implement within a month or so infamous dropbox comment https://news.ycombinator.com/item?id=9224 https://news.ycombinator.com/item?id=9224
- terminalhealth 7y agoI know, valuation in tech is most often about reach, not so much about the technology itself. This raises the important question whether anything should be allowed to have as much reach.