Thanks so much, Robert. You bring up some great points in these responses and put them well. There’s a science in valuing a product and a company, but like all data-driven initiatives there has to be some human input (that’s the art). The answer is somewhere in between. Now that we have so much data so readily available, I’m sort of imploring entrepreneurs here to stick as closely to the science as they can.
But don’t totally abandon the art.