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I agree. I can also see how it would be so easy to fall into this logical trap. Having your past value anchored in your mind at 50M for so long while you contin
by karmakaze 5y ago
I agree. I can also see how it would be so easy to fall into this logical trap. Having your past value anchored in your mind at 50M for so long while you continue to show value and users added then adding up to 50M would be hard to reason about and emotionally accept on the spot. Still saying "Steve, I think [...] Actually, I know we’re worth three times as much." was clearly outside the lines, speaking to someone with much more experience valuing companies being acquired.