SEBI's Brush with Upstart Valuations
The Morning Brief
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Is It a Punt on the Future?
Valuing early stage companies is a punt on future, he says. Most people underestimate what they will do in ten years, but overestim what theyll do in mania. It's not so much the valuation, you know, which is causing this debate or this scrutiny,. But speed at which fund managers were deploying capital. And somewhere alon the way, they forgot to do the basic checks and balances.
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