Yet at the same time, many Wall Street veterans have repeatedly warned of the insane valuations of tech stocks.
So we are going into this interesting era where maybe companies will choose not to go public anymore, which was always the big-money exit strategy, and instead go do a fan dance in front of Mark Zuckerberg in hopes of getting these insane valuations.
Some of it is late to the party and being deployed at insane valuations.
The froth included insane valuations of the country's stock market.
In the last three months of last year and the first three months of 2000, a lot of folks were screaming about insane technology valuations.
In this age of insane Internet valuations, and twentysomething gazillionaires, it is easy to forget that some technology areas take longer to gel than an Internet year; some markets never materialize, and some technologies are crushed in the pell-mell onrush of technology and commerce.
He argues at a near-insane $500 million valuation it was a huge departure for the firm, and made him the laughing stock of Sand Hill Road…until it proved to be one of the savvier bets of the early Web 2.0 era.
When analysts compared Uber to the taxi industry, a $40 billion valuation seemed insane, but when the story is the poster child for the sharing economy and rethinking urban transportation, it's a bit more palatable.
