1/ it might not be a bubble, but sure as hell the rent is too damn high.
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2/ YOU might be worth a million (someday), but your pre-revenue company is not... and it def ain't worth $8-12M+ cap.
@davemcclure Most aren't, but some are. And that fact is the basis of startup investing.
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@paulg agreed, but reality check is useful. certainly a year later if/when that high cap doesn't stand up, some humility is appreciated. -
@davemcclure@paulg you've got a future on shark tank Dave! cc@mattocko
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@paulg@davemcclure Yep, Instagram was ore revenue when they got acquiredThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@davemcclure So the "most" aren't worth investing in? C'mon.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@rilinho@davemcclure wished i knew more to ask if "lower" IRR (not@sama) VC funds/Angels add value to entire SV? Hurt or help them?Thanks. Twitter will use this to make your timeline better. UndoUndo
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