这只是说经理人和投资者们必须理解，会计数字只是商业估值的开始，而不是结束。

It's simply to say that managers and investors alike must understand that accounting Numbers are the beginning, not the end, of business valuation.

youdao

广告商将会为一个独有的广告位置付一个有意义的CPM（千人成本），从而去掉了Xfire商业模型的风险，这一状况也部分地解释了为什么Xfire有很高的估值溢价。

Xfire’s premium exit valuation can be partially justified by the fact that Xfire had “de-risked” the business model by demonstrating that advertisers would pay a meaningful CPM for a unique ad spot.

youdao

除了营销推广之外，这种策略能否为商业战略和估值也提供宝贵经验？

Could this be a lesson in business strategy and valuation in addition to marketing?

youdao