Thursday, January 05, 2006

Bubble Time: Tiny Company, Barely Any Revenue, Expects To IPO: "According to its latest filing it brought in about $235,000 in the third quarter (and lost well over a million dollars)—but thinks it deserves a $270 million valuation. Yes, this is a company that has barely earned over $500,000 in its entire lifetime and thinks it's fairly valued at $270 million dollars." —Techdirt

I've earned way over $500,000 in my lifetime, but the last time I checked my net worth was somewhat short of $270 million.