Cameo (an example in the article) is an interesting one. It seems like a stable, steady business, making money, should be easy to accurately value if you have access to the financials. No surprise that the "It's $1bn!!!" valuation came from Softbank Vision Fund. https://en.wikipedia.org/wiki/Cameo_(website)

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v5v3 26 minutes ago | parent | next [-]

I'm assuming there is a lot of local competition to Cameo in other countries?

As it has a large potential market if it did dominate globally.

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TZubiri 3 hours ago | parent | prev [-]

It also peaked during the COVID lockdowns, lots of actors needed alternative sources of funds. Maybe the numbers for 1BN came from multiplying revenue into the future, or hell, expecting it to grow even.

	▲	rwmj an hour ago \| parent \| next [-]
		Absolutely right, but you can also see how this can be a sustainable if not spectacular business going forward even in normal times. There are plenty of "resting" actors and grifting politicians who don't mind doing 60 seconds of work for the price of a round of drinks. It's not a failure even if VCs think it is.
	▲	ares623 2 hours ago \| parent \| prev [-]
		No need for "maybe". We know by now how these people think