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>They were absolutely overvalued at those market caps, but it's wrong to say that "HN/VCs said those companies were worth X but they didn't reach X in public ma
by itsoktocry 4y ago
>They were absolutely overvalued at those market caps, but it's wrong to say that "HN/VCs said those companies were worth X but they didn't reach X in public markets"
Why is it wrong? You think private markets are better indicators of value than public?
- lowkey_ 4y agoNo, he's saying literally they did reach X market cap in a public market. He was correcting facts of the previous poster.
- nwienert 4y agoIf Shaq lifts me up so I can dunk, you can say that I dunked, but in general it's more accurate to evaluate things under more normal circumstances.
- goodoldneon 4y agoRight, but that not OP's point. OP said that insane valuations reached in private markets can't be reached in public markets. Public markets can be just as irrational as private markets
- nwienert 4y agoNo, he said today they wouldn't reach it.