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Ofcourse Platform companies are overvalued. There is no real tech here just user content they are trying to monetize. Infact I would go ahead and say real tech
by pankajdoharey 6y ago
Ofcourse Platform companies are overvalued. There is no real tech here just user content they are trying to monetize.
Infact I would go ahead and say real tech was under valued look at Sun Microsystems, A company that Developed its own Processor (Sparc) , Its own OS (Solaris) , Its own Database (Mysql) , Its own VM (Virtual Box) , Its own Language and Development Platform (Java), Its own Development IDE (Netbeans) every one of those products is real technology and a leader in its own category.
And yet the company was sold at 1 Billion USD, which seemed like short change.
- marcodave 6y ago> And yet the company was sold at 1 Billion USD, which seemed like short change. That was 2009 though, was 1B USD small compared to the average corporate acquisitions at the time? Instagram was also sold for 1B if I recall correctly.
- pankajdoharey 6y agoExactly my point Instagram is not technology, it is a platform for user content. Sun was a technology company with some real deep tech.