[goatinaboat]

If you declare your company has a billion shares and I buy 1 for $1 then you have a valuation of... one BILLION dollars.

If I later buy 1 share for $2 then your valuation has doubled. That is basically SoftBank’s business model.

[Dunedan]

Basecamp even made a headline out of it a while ago: https://www.linkedin.com/pulse/basecamp-valuation-tops-100-b...

[kamyarg]

> Basecamp is now a $100 billion dollar company, according to a group of investors who

> have agreed to purchase 0.000000001% of the company in exchange for $1.

Just wow, this is gold.

[misiti3780]

that article is hilarious!