calgaryeng

You are apt to be wrong.

More (content inside the brackets than) out!

If I could downvote this comment, I would.

> brother’s wives posting about their kids and stuff like that

Either that is a misplaced apostrophe, or you are revealing more about your family than you intended! Punctuation is important :)

Blue was taken

Peak pedantry - I love it

Isn't it odd to think that one day, there will be a top post on Hacker News: "Alien Life Discovered on Nearby Planet (430 points)".

That's not how business works.

- Corporate tax vs. individual tax - Deferred tax assets - Sum-of-the-parts valuations - Internal project NPVs > NPV of investments available to an investor

> Then we got a YC interview and were rejected for what (I think objectively) was a pretty random reason

I don't think you can expect to be completely objective/unbiased in this kind of situation...

> But it seems unfair to hold Tether up to a higher standard than even our most established banks.

You mean standards held on banks that are insured/backstopped by the government, have mass-adoption amongst the vast majority of the population, are regulated, and have disclosure requirements through securities regulators?

"Enterprise Value" is one of the legitimate measures of company size, and is defined as market capitalization + net debt.

You can think of this as equivalent to the size of the company because it would be the amount of money you'd need (roughly speaking) to buy the entire company outright.

> Cash flow is much harder to fake than earnings

Unrealized gains on private, illiquid investments are neither earnings, nor cash flow.

On the contrary - GAAP earnings give the most accurate picture of cold hard cash. That is the reason they exist , and securities regulators are specific about its definition.

Paper gains are notoriously easy to stretch.

I'm reasonably certain that the starting point for public valuations is not the most recent private valuations. These deals are typically centered around public valuation comps (i.e. other similar companies) based off of revenues/EBITDA/etc.

Just an FYI from a native english speaker - sums of money do not use the plural version of the value unit.

i.e. should be "raised $4.4 billion" not "raised $4.4 billions"