No, the idea is that revenue provides something to run numbers on to arrive at a validation. Call it an anchor or a sanity check: the idea is that it limits the

No, the idea is that revenue provides something to run numbers on to arrive at a validation. Call it an anchor or a sanity check: the idea is that it limits the acquisition validation. Whereas, it is argued in the article I probably got the idea from (http://bits.blogs.nytimes.com/2012/04/29/disruptions-with-no-revenue-an-illusion-of-value/ http://bits.blogs.nytimes.com/2012/04/29/disruptions-with-no... ), having no revenue means the only limit is your ability to excite the acquirer with "growth potential" or "strategic value".