I came across the chart below this week, which shows the new normal for startup valuations (remember when 2000 was considered a "manic" time?). One can argue in the last 18 months an incredible number of new companies have been created that will change the business world as we know it in the decades ahead with profit streams backing these astronomical valuations.......or one can argue that the market is just a bit frothy right now.
I discussed my thoughts on this topic in Facebook's Valuation Crosses $200 Billion: What Is It Really Worth?
Please remember to take my skepticism with a grain of salt. I'm an old geezer that probably just doesn't understand what those kids are doing out there in California.