There's a certain irony in a investor (YC) perpetuating the myth of private valuations. Haven't we learned from WeWork and Juul etc that private valuations are mostly meaningless?
From the footnotes they say they are a flawed measure but more available than other figures.
WeWork I’ve heard a lot about. Why is Juul’s valuation meaningless? Thanks in advance!
The current vaping-related lung disease crisis, plus alleged sloppy marketing practices at Juul, plus expectations of increased FDA regulatory oversight. They’re still worth something, but Altria’s investment is unlikely to yield a great ROI.