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But it also suggests LinkedIn could struggle to maintain such a generous valuation once the euphoria wears off, especially once there are others out there for comparison.
Thanks also to a generous valuation of around 25 times forecast 2011 earnings and a possible exposure to Italian capital gains tax, retail investor enthusiasm for Prada is already cooling.
Wall Street assigns a generous valuation of $500 million to the outfit.
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Even if we assume that Maker got a very generous valuation back then (say 10x), its revenue couldn't have been more than $30m.
Comcast responded in kind to Disney's rejection: "Our proposal to acquire The Walt Disney Company reflects a full and generous valuation based upon Disney's prospects and performance over a long period of time, representing a significant premium over Disney's unaffected share price during any relevant measurement period over the last three years.
David M. Friedman, a lawyer at Kasowitz, Benson, Torres & Friedman, who represents the creditors' committee, said: "The $10.3 billion is a generous market valuation of the company.
The punter on the street, however, knows far less about Mr Immelt, and remains sceptical: the generous valuation premium that investors lavished on Mr Welch has disappeared under his successor (see chart).That is a serious state of affairs for GE, which exists as a conglomerate (the company prefers "multibusiness") only because the market lets it.
But start-ups court risk when they lure investments at such generous valuations.
Those banks with the least capital probably have more generous valuations.
Russian telecoms companies already attract generous valuations and Telenor has got its stake cheaply, in return for allowing the founders to keep a controlling share.
Wall Street lost its appetite for technology IPOs and the best unicorns saw no need to go public as long as ample private funds at generous valuations were readily available.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com