How do you value an internet company?O
Say you have a website, like facebook or a company that makes independent instant messaging software (NOT tied to a parent like AOL, google).
They have little to no revenue. the only info you have is there total registered users, and maybe active users. How exactly do you value these companies?
You have no idea how the company will perform in the next few years...it could do well or bad.
Any pointers would be great thanks.