RE: LN and new placement thoughts9 Jul 2020 10:02
"Noam Bardin, Ehud Shabtai, Amir Shinar and Samuel Keret were all sick of sitting in traffic. They wanted a real-time, reliable way to report and share traffic information when they were stuck in the middle of it. They created a clever app that allowed users to do just that. Within a few years their app, Waze, amassed 30 million super-engaged users around the world, and developed its own unique mapping technology. Despite the fact that they were making zero revenues, Google acquired the company for a cool $1.1 billion in 2013."
Sometimes it's not just about the current revenue, it could be the idea, the licenses, the synergy of the IP/tech with another idea.
The California-based hedge funds who bought in $Large here in the Spring obviously have some idea about value and, as likely as not, they're "better informed" about how this may go in H2 given they're just down the road from Silicon Valley and LA ...