[mygo]

> Regardless of what they are working on, if it doesn't exist, the value of it is presently zero.

That’s not true. Do you know how many multi-million-dollar companies have nothing more than an idea on a paper napkin that they managed to sell to investors? You didn’t even bring up the matter of whether they have investors who have placed a valuation on their business. Or even if they have paid into their own business’ equity, which is then of monetary value.

In fact a business’ monetary valuation has nothing to do with whether it has a product. Some high-value businesses have zero products. If we’re speaking valuation, what matters is the value of the assets they have listed under the business, their liabilities, their owner’s equity, etc.