Rego Payment Architectures Inc (RPMT)

[Papa Chubby]

A penny for your thoughts PennyMan, which is exactly what they're worth. The myth that its cheap to build a consumer web company is about as anachronistic as the notion that revenues are required for a company to have a stratospheric valuation. Yes, changes in the American venture cap model means the cost of starting a web business is some ten percent of what it was 15 years ago, and that’s forever changed incubators, angel funding, ownership that entrepreneurs are allowed to keep, and the culture around start-ups. But it is — if anything– more expensive to build a consumer Web company than ever before. In today's world 30MM is a drop in the bucket. Facebook raised 2.33 BB before going public and Twitter 1.16BB.

So what, if Virtual Piggy has a nascent monetization strategy and no revenue. All you have to do is look at a company like Pinterest, another social media company with a niche target audience, that also has little to no revenue, but a whopping $3.88BB valuation, and you'll suddenly feel all warm and fuzzy inside.

http://www.entrepreneur.com/article/229597