Tech stocks are hard to value. They can soar to eye watering valuations without even being profitable. Facebook and Amazon didn't really make any money in their early days either. All boils down to how disruptive the technology is and the potential.
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- Oversubscribed Soph/Insto Capital Raise of $24M
Oversubscribed Soph/Insto Capital Raise of $24M, page-37
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