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The problem is they scale down just as quickly. Currently they're sold with valuations that speculate about the potential profits according to their level of en
by ollysb 14y ago
The problem is they scale down just as quickly. Currently they're sold with valuations that speculate about the potential profits according to their level of engagement. In many cases they'll scale down before they ever deliver on the kinds of profits that would justify their price tag.
- dasil003 14y agoTrue, but it will take a few more decades before the market gets as comfortable valuing web companies as they are at valuing rental car companies. A big part of the valuation is simply unknown upside of the web in general and business models that will emerge. We like to laugh at the excesses of the dotcom boom, but the uncertainties that drove the insane valuations are still at play on a smaller scale.
- sliverstorm 14y agoThis all fits perfectly fine. High reward, high risk.