Re:Zombie unicorns are haunting Silicon Valley
by senordevnyc on Thursday June 25, 2026 @06:52AM
(#48671646)
current profits (The actual measure of value) that would justify their valuation
That's...not how value works at all. If it was, all of these rapidly growing companies that haven't made a profit yet would be worth zero. Would you pay $1 for any of the big AI labs? I sure as fuck would.
Value is more about the present value of future cashflows. And it turns out that estimating future cashflows of extremely fast growing companies is really hard.
That's...not how value works at all. If it was, all of these rapidly growing companies that haven't made a profit yet would be worth zero. Would you pay $1 for any of the big AI labs? I sure as fuck would.
Value is more about the present value of future cashflows. And it turns out that estimating future cashflows of extremely fast growing companies is really hard.