NPM raised another $8mm today, so this article is relevant for revisiting its valuation.
What is the point of adding an extra M?
it’s customary in accounting to indicate thousands as an M and millions as two Ms (that’s from the roman numerals, where M is a thousand).
What is interesting is that the original article that the guy links to doesn’t bother to do that.
If you invest $10 in a company and it pays a dividend of $1 for 20 years and then goes out of business, you have made money on the investment without ever selling the shares.
Only companies that don’t actually turn a profit really need to IPO or be acquired.