3 ms·

You've misunderstood the math. The $22.4M figure was reached by assuming the bottom 90% of companies are worth $0. Therefore, it's strictly a lower bound on the

by bdr 15y ago

You've misunderstood the math. The $22.4M figure was reached by assuming the bottom 90% of companies are worth $0. Therefore, it's strictly a lower bound on the mean valuation.

rd108 15y ago
You're right.