Disruptions: With No Revenue, an Illusion of Value

via The New York Times

4-30-2012_12-42-46_pm

“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.”

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