Hacker News new | ask | show | jobs
by rdlecler1 3876 days ago
Yes possible. It's possible my $2 lottery ticket will also be worth $100m but until it is, it is still worth only $2 or maybe even less. Until then the value of each share class is not the same and so it would be a mathematical mistake to calculate valuation as the sum of all shares multiplied by the highest price paid for the most senior share class.