Vice’s $400 million deal for Refinery29 illustrates the pointlessness of private valuations

Vice’s $400 million deal for Refinery29 illustrates the pointlessness of private valuations

Shane Smith
Krisztian Bocsi | Bloomberg | Getty Images

Fresh off its $400 million deal for Refinery29, Vice is valuing itself at about $3.6 billion. In related news, I’m valuing my house at $278 million.
Sure, my neighbors’ houses are all worth less than $1 million, and my house looks just like all of my neighbors’ houses. But mine is worth $278 million, because that’s the value I’ve decided it’s…

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