37signals valuation tops $100 billion after bold VC investment (2009)

Re:37signals valuation tops $100 billion after bold VC inves... by mdparker89 on Saturday November 16, 2013 @11:24AM (#6745258)

The market isn't necessarily efficient at a given point in time. Just because the stocks are going up, doesn't mean the valuations represent the intrinsic value of the company.

Shorting is a dangerous strategy, especially if you feel the prices are delusional. "The market can stay irrational longer than you can stay solvent."

[ Parent | on HN ]

Re:37signals valuation tops $100 billion after bold VC inves... by nrao123 on Saturday November 16, 2013 @11:29AM (#6745286)

Yes- agree with you. I think DHH/JF & 37s were not making as much fun of the actual valuation but the lack of monetization.

If we stretched the valuation analogy, it could be applicable to AMZN/Bezos as well- where there is always discussion on their lack of profits & nose bleed valuation. FYI - Bezos is an investor in 37signals.

I have lots if respect for Bezos, JF, DHH etc. I just think it's a little "unfair" (for lack of a better term) to make fun of companies before their monetization plans have kicked in.

[ Parent | on HN ]