OK I think I just understood something about "Valuation". It has nothing to do with the value the company brings to customers but it solely means the potential

OK I think I just understood something about "Valuation". It has nothing to do with the value the company brings to customers but it solely means the potential value (pay off) a company brings to investors. That pay off occurs at IPO day and not a day later either. This is probably obvious to everyone else, but it just dawned on me this way, right now.