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As parodied some 5 years ago: https://medium.com/signal-v-noise/press-release-basecamp-valuation-tops-100-billion-after-bold-vc-investment-c221d8f86ad7#.68ocp8v
by nikanj 7y ago
As parodied some 5 years ago: https://medium.com/signal-v-noise/press-release-basecamp-valuation-tops-100-billion-after-bold-vc-investment-c221d8f86ad7#.68ocp8vwj https://medium.com/signal-v-noise/press-release-basecamp-val...
Once you make money, it's much harder to come up with outlandish numbers. A dry cleaners has a well-established range for revenue and profit, so it's hard to justify why it would be worth $100 billion.
- alasdair_ 7y ago>Once you make money, it's much harder to come up with outlandish numbers. A dry cleaners has a well-established range for revenue and profit, so it's hard to justify why it would be worth $100 billion. If you want a cleaning company worth hundreds of millions, try ZZZZ Best https://www.investopedia.com/terms/z/zzzzbest.asp https://www.investopedia.com/terms/z/zzzzbest.asp
- bdcravens 7y agoActually 10 years ago. Here's the original: https://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment https://signalvnoise.com/posts/1941-press-release-37signals-... The Medium version did update the terminology a bit (since RSS and 3G weren't as exciting in 2015 as they were in 2009, hah)