Peretti: Long-term building requires a high valuation and large investment capital
Jonah Peretti · Live Episode! BuzzFeed: Jonah Peretti · Jul 27, 2017 · at 42:33
BuzzFeed co-founder and CEO Jonah Peretti responds to Guy Raz asking about BuzzFeed's reported $1.5 billion valuation and what personal wealth means to him.
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“The valuation is set through investment, and the fact that people have invested in us has given us resources To build big things in the future, and to not think day to day, like, how are we doing this quarter, or how are we doing, you know, this week, and think, be able to think much more long term, and say, we can, we, what are things going to be like in two years, and five years, and how do we build towards that, and you can't do that unless you have a high valuation, and people willing to invest lots of money.”
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