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> But Jet.com is a company worth $600M with no product This is a common misconception. They are not "worth" $600M just because investors put a little money in
by staunch 12y ago
> But Jet.com is a company worth $600M with no product
This is a common misconception. They are not "worth" $600M just because investors put a little money in at that valuation.
Buying 10% of an old car for $60M doesn't make it worth $600M to anyone.
- garazy 12y agoExactly right, "worth" should only really be used if someone else would pay $600M for it today.
- x0x0 12y agogetting, no doubt, investor shares -- ie their cash is out first
- deleted 12y ago[deleted]
- aaardvark 12y agoBut buying one share of a publically traded company makes it worth number of shares * value of share?