Could you please recommend one or a few legal insurance providers that cater to startups in the US? Thanks.

Sorry, my startup is based in London, UK - the only insurer we found here that was willing to provide worldwide coverage for a tech startup was Hiscox.

And if ever trade with Cuba of many of the countries the US is at war with, you will face criminal charges even long after you have given up your green card.

Hong Kong, Singapore, Switzerland. Get yourself a permanent residency in at least one of those three.

Singapore permanent residents are required to do 24 months of military service, and in addition, show up for annual refresher training every year until they turn 40. I'm currently an American expat who has to file a 1040 once a year, and I would gladly continue doing that rather than spend a bunch of my time in the Singaporean military...

I thought that was only for the children of PRs. First generation immigrant citizens and PR do not have to do military service if their over a certain age. And countries with military service requirements have many ways to get out of it.

Kind of casts Michelle Bachmann's recent headlines in a different light.

This Demo Day was only open for startups looking for investment. There are other startups here with operational websites and revenue but who simply didn't bother with this.

This would eliminate a lot of hobby blogs and websites that made the internet such a great place.

As someone who paid $8000 for his domain, I don't believe domains are currently overpriced. You can buy prime real estate on the internet for less than than the quarterly lease companies are paying for physical prime real estate in shopping areas.

Don't you mean: ($119Millon Sale price * stake of investors - 3Million Funding) / 3Millon Funding = CRAZY RETURN!

Or from team POV: $119Million Sales price * (1 - stake of investors) / sweat = THE GRIND WAS WORTH IT!

It is very likely that the run rate of last month is more than 1/12th of the total annual revenue, as they are growing rapidly.

So let's estimate their run rate of last month at $75K and it becomes realistic - albeit a bit tight - to have 10 people on the payroll.

Unrealized potential earnings translate into a higher P/E, they do not make the entire concept of P/E invalid.

Your flawed way of thinking is exactly what prevails in a bubble.

Sure, but the rich guys are LPs in VC funds next to institutional investors who get their money straight from QE.

If evernote doubles it revenue every year for the next four years, it would still be trading at 3 times revenue, a number that might be realistic going concern assuming they have very high profit margins.

So valuing them at 50x revenue now is saying all returns will come from outperforming 100% annual growth... color me sceptical.

That's still 21% too much they got to keep.

Also, only private creditors had to take a haircut. State creditors (IMF, ECB) have so far not had to take a haircut at all, so the net reduction in Greek debt levels is far less than the "haircut" figures would have you believe at first glance.