Thanks @_jacksmith for your feedback.
On the rules: yes, you are right... Thing is, on the one hand I did not want to make it look too complicated and intimidating. I was thinking of providing additional details once the first results are in (i.e. when people will - hopefully! - really want to understand what happened). They will then be able to adjust their choices for the following months.
On the valuation limit: there is indeed a $250m limit if you want to be in the "advanced league". The "switch" happens automatically if your portfolio only features company that fall below this threshold.
On the "insiders" thing: yes, you are absolutely right. But it could become a real challenge to set this up. The information is not always readily available, and it could be difficult to draw the limit (e.g. this person is a close friend of that one and she works in this company, etc.). So I guess we all need to keep in mind it's for fun, nothing more :-).
On the wrong valuations: this one is a mistake I guess. Thanks for pointing it out. One thing though: all these valuations are estimates anyway. Some are "better" estimates since they have been shared publicly with the media. For the others, I am just applying a multiple to the total funding to date - so it's just a proxy. The whole idea of the game is that by playing, people will set the valuations of the companies. Each month, I will update the valuations based on the average set by the players (when you pick a startup, you need to say how much you think it should be worth).
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