This will make our Senior Developer VERY happy…

So, at the end of the day, all of us here at BlackIron are really just grumpy old men – and when we get together to whine and complain (a sometimes weekly occurrence!), we inevitably come around to company valuations and the absolute disconnect between the valuation and reality…

So this article really warms the cockles of my heart – it tells me – in one sentence – that other people see this too, Dead Unicorns… I can’t for the life of me figure out how Gilt (for example) could be worth BILLIONS of Dollars?   I think what people are starting to see (and looks like Marc Benioff is one of them) is that they’re not…

The whole VC thing has gotten to pre-2000 levels again – as if we learned nothing in that round, and so I’m happy to see at least some sanity out there in the market.  Time will be the judge I guess, but at least people are starting to wonder about how in the world these companies get to these kinds of valuations with no baseline business metrics to support them…

 

 

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