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Hahaha. That's your argument? "They're in many places and you wouldn't understand why they're so valuable if you have a <scoff> 'lifestyle' business". How abou
by dhh 15y ago
Hahaha. That's your argument? "They're in many places and you wouldn't understand why they're so valuable if you have a <scoff> 'lifestyle' business".
How about dishing concrete examples of all these places they're in that's going to make them as astonishingly profitable as they need to be to justify a $2.5B valuation?
- mattlong 15y agoHow about not assuming a company that just IPOed is at the end of its road but instead will continue innovating and finding new revenue streams? They did just raise $200MM after all.
- jcol 15y agoI'd be more impressed if they could support themselves after 7 years and didn't need investments and an IPO to stay afloat.
- sabat 15y agoActually they've been previously profitable but keep putting money into expanding the business.
- dhh 15y agoI actually think Pandora is going to turn out to be a nice, profitable business. But the valuation they're getting in the market is not that of a "nice, profitable business". It's one of a MASSIVELY profitable business throwing off hundreds of millions in profits. So far they haven't thrown off anything.
- sabat 15y agoHahaha. That's your argument? Yes, my snarky friend, that's my argument. Given your years of experience running startups from conception to IPO/buyout, I'm sure you can understand. BTW I don't scoff at all at lifestyle businesses, if you're lucky enough to pull one off. But they're a different beast, and expertise in one area does not automatically translate to expertise in another.