3 ms·
$500m for what I understand to be a crypto bank account?
by hahla 6y ago
$500m for what I understand to be a crypto bank account?
- nikanj 6y ago"Board says we need to invest in crypto. This is crypto."
- rawtxapp 6y agoAre you implying that a company that processes hundreds of billions of dollars in transaction volume is thinking of acquiring this company for the hype alone?
- freeone3000 6y agoIs that a bad strategy? We've seen billion dollar IPOs on hype alone. In 2021, it might even be the winning strategy.
- rawtxapp 6y ago> We've seen billion dollar IPOs on hype alone. Can you give some examples? I would expect a company of this magnitude to have done a proper research before paying out half a billion dollars for an acquisition that's not based on hype alone.
- freeone3000 6y agoInstagram. C3.ai. Uber. Heck, Tesla. Curv has the advantage of actually being profitable.
- rawtxapp 6y agoThese all had and continue to have enormous amount of users. I'm not sure how you can argue that these all got their valuations based on hype alone.
- freeone3000 6y agoUsers are hype by another name. They lacked revenue.
- matthewmacleod 6y agoSometimes I have the same thought—people know what they are doing and wouldn't just fork out money on the basis of hype—and then I remember that similar stuff seems to happen quite often. Even relatively recent examples – Yahoo! and Tumblr, eBay and Skype, News Corp and Myspace, even Google and Nest.
- cinntaile 6y agohttps://www.curv.co/use-cases/ https://www.curv.co/use-cases/ From the use cases you can tell they basically manage the risk of holding crypto for institutional clients while providing an easy to use interface, that's definitely worth a ton of money if done properly.