April 2012
1 post
Mark-to-Mysteries & the Bubble 2.0 →
“It serves the interest of the investors who can come up with whatever valuation they want when there are no revenues,” explained Paul Kedrosky, a venture investor and entrepreneur. “Once there is no revenue, there is no science, and it all just becomes finger in the wind valuations.”
When small start-ups I’ve spoken with do make money, they often find it difficult to recruit additional...