Thursday, September 15, 2005

Startups More Valuable, or Just More Expensive?: "Most analysis of recent data showing that startup valuations are up 16% year-over-year draw a dubious conclusion. They persist in saying that the companies are more valuable, as opposed to saying that they are more expensive. There is a difference folks." —Paul Kedrosky (UCSD)

C'mon, Paul. Value is in the eye of the investor.