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Valuation isn't money in the bank and - more often that not - does not reflect actual company performance when talking about startups. News at 11. This obsess
by chmod775 7y ago
Valuation isn't money in the bank and - more often that not - does not reflect actual company performance when talking about startups.
News at 11.
This obsession with IPOs and whatever clowns at wall-street seems to think about certain companies is absolutely unreasonable.
If history taught us anything, wall-street is probably the last people you'd want to ask for an opinion. No other sector needs infusions of public money on the reg like they do. I have a suspicion I'll run out of toes to count the number of bail-outs before I die.
We're asking them? Might as well flip a coin.
- pmart123 7y agoMore importantly, once a company exits the product/business model fit phase, it should have better understanding of how it can become self-reliant either through having positive cash flow or a means to it. I would say the recent events have shown why public markets offer transparency and scrutiny that prevents crap being offloaded to smaller investors.