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Taking money off the table

(zachholman.com)
135 points holman | 1 comments | 30 Oct 25 18:50 UTC | HN request time: 0s | source
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nachox999 ◴[30 Oct 25 19:45 UTC] No.45764446[source]▶
I believe the complete opposite. If someone is willing to buy your business, no matter the amount, it’s because it’s worth MUCH more than what they’re paying. It’s illogical for them to pay less than its real value. It’s even illogical to think they’d pay exactly what it’s worth. Why would somebody bother buying a company if they were only going to break even?
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1. pavon ◴[30 Oct 25 21:20 UTC] No.45765515[source]▶
No, it means they buyer thinks it is worth more than what they are paying. It doesn't mean they are right. It also means that this is the only buyer who thinks the company is worth that much, because if someone was willing to pay more, the company would be selling to them instead.

Ideally startups are about creating value, and making a return on that value, but more and more they look like they are instead selling hype to a series of investors who are trying not to get stuck with the hot potato.