Michael Skok: Early-stage startup valuation is a stunningly stupid concept
Michael Skok · 20VC: Why Valuation Is A Stupid Concept, VC Is Ripe For Disruption & Not All LPs Are Made Equal with Michael Skok, Founding Partner @ Underscore VC · Sep 21, 2016 · at 21:54
Michael Skok, Founding Partner at Underscore VC, explains why standard valuation metrics fail when evaluating early-stage companies and founder talent.
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“Well, first of all, valuation is just a stunningly stupid concept. Who on earth can value a person? I can't. And at the stage that we're working at, we're valuing people.”
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