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False valuation and poor accounting and financial transparency affects us all. We should do everything we can to discourage these type of shenanigans. A much be
by ChuckFrank 15y ago
False valuation and poor accounting and financial transparency affects us all. We should do everything we can to discourage these type of shenanigans. A much better proposition would be to build companies that people want, and are willing to pay for, and then raise money based upon the future possibilities of those creations. Raising too much money is just as bad for us, and for Groupon, as raising too little money. Why? because any mis-allocation of capital will lead to market instability, which will lead to inefficiencies. Companies, Societies, Empires, rise and fall based upon these simple tenets.