@Leyonhjelm @Mammal Well, say that to borrow against the value of something, you have to receive an offer (real offer) to get an appraisal for a "pre-revenue" business, and real offers only, like post due-diligence offers that come with penalties for backing out. That provides downward pressure, because getting a valuation that's too high would make the board vote to sell, and it prevents degenerate tactics like fake offers. "This isn't a guess, this is what actual people will pay for this asset." That'd stop a lot of startup bullshit, real-estate bullshit.