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Seed Valuations Aren't Valuations
(
whoisnnamdi.substack.com
)
4 points
by
ivan_burazin
on Oct 2, 2024
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1 comment
ivan_burazin
on Oct 2, 2024
[–]
Seed companies don’t seem to be priced as businesses with intrinsic value derived from future cash flows. Rather than
venture capital
, they seem to be a proxy for the
human capital
of the founders and early team.
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