So seed stage valuations should be based on the salary a founder could earn working at a large company over the course of half a decade? Show me an investor who

So seed stage valuations should be based on the salary a founder could earn working at a large company over the course of half a decade? Show me an investor who invests on that basis and I'll show you somebody who is likely to lose his or her money. Starting and growing a business is hard. If it was easy, everybody would do it. There are tons of people who are capable of thriving and creating value as an employee of a large company but who can't run a business. That's not a knock on them, it's just reality. We're spoiled in the Valley, especially during boom times, and it's helpful to spend some time outside of the Valley. Like I said, Shark Tank is a lot closer to reality for most people in most places. Six and seven figure valuations aren't handed out like candy on Halloween. They are earned through meaningful traction.