How to value tech companies with no revenues

Rick Baker, the Co-Founder of Australian Venture Capital firm Blackbird says that investors have got to seek out genuine product-market-fit when trying to value technology companies with no revenues. “Number of users and growth is obviously really important and then it keeps coming back to engagement. We really look hard under the hood at how people are using (the technology). Before you have a product that people really love it’s crazy to spend time, money and effort trying to grow because you’re growing something that people don’t like.”

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