fantasy valuations – if you can’t sell at a profit…

You can’t sell at a profit and make it up in volume. This is just business-common-sense. And this matters because as employees of realistic corporations that are required by reality to sustain themselves, we get frustrated keeping up with the Kardashians. Even the Joneses aren’t keeping up with the Joneses. It’s a scam dude. 37 Signals says it well:

“Now this was all fun and games until somebody promised the Newark schools $100 million in stock based on the fantasy valuation of his under-profiting company. But now it’s real. They’re selling the skin before they shot the bear or peeing their pants to get to the hut or whatever you want to call it. It’s just not good, alright?”

No outrageous profits after seven years and half a billion users

On the flip side, as they say in the trailer “You don’t get to 500 million friends without making a few enemies.” Maybe they are worth 33B. Lord knows as small as our business is, there is no shortage of people hating. I used to take it personally. Not so much these days. It just goes with the territory. It just is.