4 ms·
I see this as investors playing hot potatoes. Smart VCs hyping up their own companies and selling it to less knowledgeable investors. Last year, Roxio made 5 mi
by rebelidealist 15y ago
I see this as investors playing hot potatoes. Smart VCs hyping up their own companies and selling it to less knowledgeable investors. Last year, Roxio made 5 million, pretty good for a game but worth 1.2b? Tech companies get ridiculously high profit (most cases just # of users) to valuation ratio because of their future potential. Do y'all really think Angry Birds will still be a household name in 3 years?
Regarding international expansion to China. Most people in China are not gonna pay more than the equivalent of $3 for a stuffed animal. The ones that people are buying would be counterfeited.