A million or so posts about valuing startups later, here’s one that makes absolute sense.
The market for internet companies is broken. We cannot continue starting companies with millions in venture capital and no business model from day one that generates revenue, and more importantly profit.
Don’t rejoice at Facebook’s plummeting stock. It’s an ominous sign for us all. Companies are willing to pay boatloads for great designers and developers in part because they believe we will make the difference and help them become the next Apple or Google. When that bubble pops, many of our salaries may also pop.
Zero funding vs $7 million