Quote of the day: who’s the author?pic.twitter.com/db9McbciHh
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here’s the thought experiment: You start a company, just you and an idea. You have no reports, market analysis, none of that. What’s the company worth? Well, the value of the idea + the value of you. How are those valued?
Use value priceless but for it to have an exchange value it should not be a use value for you but it should go into exchange
Just you, the investor....maybe I have to switch this up: YOU are an investor. You‘re investing in a founder and the idea, no other information. You write a $50k check. How much equity do you take?
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