You are technically correct. Silicon Valley uses P/E when calculating valuation/revenue, because startups are rarely profitable.
They aren't equivalent in the same way that user growth and revenue growth are not equivalent to profit growth. A misinformed statistic for a misinformed view of how to build a successful business.
They aren't equivalent in the same way that user growth and revenue growth are not equivalent to profit growth. A misinformed statistic for a misinformed view of how to build a successful business.