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by ineedasername
1307 days ago
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Seems way too high. A 10x valuation like this is usually for tech related businesses. MrBeast is sort of tech adjacent, producing content that leverages social media platforms, but isn’t actually a hockey-stick growthable venture (coined that word myself; also yes, hockey sticks occur in viral growth for content popularity but MrBeast has arguably already passed that phase of his content business) The types of businesses mentioned for expansion using the invested funds don’t see that many hockey sticks. And restaurants are horribly risky and failure prone: they’re heavily influenced by fads and economic circumstances. He might very well pull it off, it’s early days in his existing efforts to talk about longevity, but it’s all risky. |
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