[jariel]

There is reality to this, but it's generally for private companies raising money that can hold their cards close to their chest.

Pinterest, I believe, would not tell investors the 'results of their ad tests' precisely because they didn't want investors to be able to hard-value the company.

Once the 'analyst in the investor' gets enough data, that mind will crunch the numbers quickly to figure out the 'net present value' etc. and come up with a number.

If they don't have that data, then some of them can be allowed to 'dream'.

With public companies, there should be enough data on the table for people to make reasonable conclusions, but investing is taking a pop-culture angle these days and it's problematic.

WeWork valuations were crazy.

It's hard to see how Palantir is worth much.

Peleton and Tesla should be controversial, but at least the have solid foundations.