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To: hueyone who wrote (63594)4/17/2003 5:08:49 PM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
if it's good enough for VC's calculating equity valuatoin in A or B round financing, it's good enough for GAAP.

This is one of the best arguments for Black Scholes I've heard of yet, although I don't much like BS. :) That sure is a good point though. It seems that the Silicon Valley is talking out of both sides of its mouth. Good enough for VCs on the one hand...not good enough for CEOs on the other. Who's right? I'd bet on the VCs, since they bet on companies for a living.