How Juul beat Facebook and Snap to decacorn status
finance.yahoo.com
cant think of correct tag vocabulary. the article is really bad. Juul and FB were so quick because of the how they measure length for valuation. And specifically for those two, they had unique circumstances. Juul didn’t start out as a new startup. Facebook got the Microsoft funding because of being a proxy at the time in Microsoft’s fight against Google. They didn’t care about getting the best return like real investors would have. it was known at the time that the valuation and money given was not important to Microsoft. That’s why the valuation was so ridiculous at the time.
#bad_journalism #deceptive #pub
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