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Wow, can we spell "bubble" yet? This is definitely a 100% bubble-based valuation. Don't get me wrong, I don't think Quora is a completely worthless company, but
by dguaraglia 14y ago
Wow, can we spell "bubble" yet? This is definitely a 100% bubble-based valuation. Don't get me wrong, I don't think Quora is a completely worthless company, but unless they have some incredibly magic sauce they haven't showed us yet, I can't possibly see how they'll get that much revenue ever.
In fact, a simple check would do: let them show how much they made last year, projected growth for this year, and we can start talking about anything beyond a $10m valuation.
- pclark 14y agoOr Quora ignores dguaraglia's requests, continues their success (however you - or they - wish to measure it) as a private company and watches Hacker News whip itself into a frenzy about the financing climate?
- dguaraglia 14y agoAlthough that's the most likely answer, it's also the stupid thing to do. And by 'stupid' I mean it in the "because of things like this, all of us will get fucked in the long term, even the short-term winners" sense. I just hate this idea that you can create a company without any kind of realistic approach to making money, value it at in millions without any kind of basis and hope some rich (and dumb) buyer bites. It's opportunistic at best and dishonest at worst. It makes everyone in the milieu look like he's trying to pull this stunt, although there are plenty of honest (and profitable) companies out there not getting millions in investment because they don't try to sell something shiny.