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bobxmaxyesterday at 3:05 PM1 replyview on HN

Are people still making comments like these in 2025?

What the hell do profits have to do with valuing tech startups?


Replies

dan_goosewinyesterday at 3:28 PM

Profitability might not be as relevant as it used to be in M&A discussions, but it matters when you’re paying $1B.

Valuations like this only make sense if there’s a clear path to significant strategic leverage or future cash flow.

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