4 ms·
After a while living in an echo chamber of yes-men, you start to believe your own bullshit. Also, valuations are so nebulous and ungrounded in reality at this
by oillio 7y ago
After a while living in an echo chamber of yes-men, you start to believe your own bullshit.
Also, valuations are so nebulous and ungrounded in reality at this point. Who is to say what anything is worth. You put something out there and someone is willing to pay billions for it, who are you to say that isn't the right value. There are a lot of problems to pin on Adam, I don't think the valuation is one of them.
- camelCaseOfBeer 7y agoNot to mention it's nearly impossible as a human to grasp how much value is represented in a million hundred dollar bills. People think about a billion dollars as a lot of money,and that's about as far as it goes.
- number_six 7y agoThe valuation is from Softbank consistently buying rounds of equity at higher and higher valuations that they themselves were creating. Softbank bought in, so this is more valuable, so Softbank will buy in again at a higher valuation, so this is more valuable, so Softbank will buy in again at a higher valuation; and round and round it went until we hit ~$40B