Great write up dragon. What is your opinion on startups that launch without any plan of gaining revenue? Also what is your opinion of the crazy valuations in silicon valley right now for apps and websites that will almost likely never have the cashflow to justify the price? In finance and economics we are taught cashflow is king, but it seems like the venture capitalists these days seem to be throwing that idea aside.
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@calaber24p - Silicon Valley is its own Univers when we are talking about Monsters like uber - it is clear where all this is going - its mega IPOs which keeps money flowing. When we talk about certain apps like snap chat etc its totally clear where the valuation comes from as because once they kick in advertising revenue is flowing on masse. And do not forget in most cases 1 out of 10 Investments of the big VCs is kind of performing okay. But yes at the lower end and seed stage there are some crazy valuations going on. But in a lot of cases money is used to protect to make others afraid to enter the market . Justification is potential growth. Any Company APP in mind you think is highly overvalued
👍nice post @ dragonho...