[vasco]

You're obviously mocking this whole thing but the fact is that if you can get away with it, you can use that valuation to acquire actual smaller companies and talent and if you're running an online business and acquire a lot of customers (even if selling $100 bills for $95) you'll have huge distribution that you can then sell whatever you come up with next.

Or as they use to say, we lose money on each unit but we'll make it up in volume.

[sequoia]

> Or as they use to say, we lose money on each unit but we'll make it up in volume.

I believe this is a joke, no? I.e. you can't lose money on each unit and "make it up in volume."

[lotsofpulp]

It's a joke, because the strategy is to undercut or buyout the competition to survive long enough to be the last one standing.