Matt Levine, Columnist

Startup Values and Financial Marxism

Also CDS trading, plain English, nice ties, garbage energy and bonds on Craigslist.

September 2, 2016 at 1:16 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Startup valuation.

Yesterday the Wall Street Journal wrote an article about how venture capital firm Andreessen Horowitz has returns that are pretty good, but not as good as some other venture capital firms. Andreessen Horowitz's Scott Kupor wrote a response that is basically: well, depends on how you count.