[dr_]

Having made several angel investments, I can tell you my eyes kind of roll when I hear the billion dollar valuation. It's very apparent when a startup has taken the number 1 billion and then just divided it by the potential number of users for its particular product and then by 12 months to come up with the monthly cost of the service. The last investment we made presented numbers that were far more modest, but we knew the team seemed highly capable and respected their honest assessment, so we went with it.

[sgrove]

Do you mean TAM instead of valuation? That's a very strange way (if that's the only way) of defining a startup's valuation. Also, surely you wouldn't be angel investing in anything with a valuation anywhere near $1B, you'd never make any money.

[dr_]

Correct, i meant tam, not valuation.

[spoiledtechie]

Can I pitch you? I know it may sound like a small question, but I would love to have just one email sent between us.

I have been running with my start up for about 9 months. Its almost ramen profitable.

spoiledtechie with gmail