All tagged Valuations

What is Value?

The recent hype around Non Fungible Tokens (NFTs) has been interesting. A piece of ‘art’ by the artist Beeple sold for almost $60 Million. I put the word ‘art’ in quotation marks because it isn’t art in the conventional sense that most of us might think of. It’s digital and anyone can see and download it (there’s nothing physical at play here). But the NFT provides one person with indisputable proof of ownership, and that person estimated the value of that proof at $69.5 Million.

You Are Not A "Technology Company"

"We're a technology company that happens to be in Home Loans."

I heard a CEO say this on TV recently and I have to say, it irked me. Is that what his company did? They delivered ‘technology’? What the hell does that mean? Isn’t tech a means to an end, and not the end in and of itself? Does his company exist to knit together bits and bytes and provide hardware or software?