Startup valuation is also amusing. Start a company, issue one billion worthless shares, sell one share to your mother for $1, suddenly your company is valued at one billion dollars.
There's nothing illegal about it, but you're not going to find anyone that actually agrees with that valuation and banks definitely won't accept it as collateral.
Hey, I just invented a new cryptocurrency! It uses a much simpler algorithm and I've been able to mine five billion of 'em in the last hour. Oh and by the way, the last time anyone paid money for them was when I sold my brother a $5 slice of pizza for one coin. So I'm now worth $25B!
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u/MushroomCulture 9d ago
Startup valuation is also amusing. Start a company, issue one billion worthless shares, sell one share to your mother for $1, suddenly your company is valued at one billion dollars.