Seed Valuations Aren't Valuations

Seed Valuations Aren't Valuations(whoisnnamdi.substack.com)

4 points by ivan_burazin 1 year ago | 1 comment

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.

ivan_burazin 1 year ago |

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.