Reporting tells you what happened in the past. It also provides a baseline from which to observe changes and trends. It can be interesting and can keep some investors and shareholders happy, but it is a fundamentally backward view of the world. To be data-driven, you have to go beyond th...
Values are ratcheted up in a series of financings—ideally a rising value is based on actual progress, but sometimes existing investors will put in more money at a higher valuation as a way to signal confidence to additional later investors. As more money floods in, as happened d...