Comment Here's what I don't understand (Score 2) 43
I happened to watch the Barbara Walter albeit brief segment on Elon Musk last night and I was stunned that the mount of money he got not just for selling PayPal but for selling his first company to Compaq. Hundreds of millions of dollars. Not only have I never heard of that first company but Compaq doesn't exist anymore and who knows if HP is doing anything with what they acquired when the bought Compaq. I have the same questions about friggin' Instagram, Whatsapp, et al. Who decides what these companies are valued at and on what basis? It's clearly not based on company profits because many of them have no profits. In a lot of cases, the product or service that the company has isn't unique, is pointless fluff, or will be obsolete in short order. Or is it all about having representation, an agent or lawyer or whatever, that is able to convince others that their client is worth a lot like Hollywood agents do?