By: Chris at www.CapitalistExploits.at
I’m going to paraphrase a conversation I had recently with a Venture Capitalist whose focus is on the tech industry:
Me: “Eyeballs, that’s what founders are telling me. How will this company monetize them?”
VC: “Don’t know, they haven’t figured that out yet.”
Me: “Right. Then how do you come up with your current valuation?”