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Where's the justification for most of these businesses actually being worth 20 million dollars? I mean they're awesome stories, but when you have $1-2 million i
by dhh 16y ago
Where's the justification for most of these businesses actually being worth 20 million dollars? I mean they're awesome stories, but when you have $1-2 million in revenue and have to deal with physical products, you won't exactly have millions in profits. So if you're generating, say, $200K in profits, who exactly is going to give you a 100 P/E and pay you $20 million for that business?
Why does Forbes need to go the bullshit "How This Kid Made $60M" route to rouse interest? Can't it be awesome enough in itself that someone is making a very fine living selling labels or socks? Oh no, unless they're worth eight digits, they're not worth talking about. Sad.
- thecoffman 16y agoI read it as "here are 20 different one million dollar businesses" which seems more in line with the numbers presented.
- dhh 16y agoHa. That would make sense. And this would qualify as a terrible fucking headline as it can be read as (20 million-dollar) businesses, (20) million-dollar businesses, and (20 million) dollar businesses. Forbes is terrible.