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It believed a bid for Logica - the IT services group which has been rumoured to be of potential interest to Indian businesses - was less likely: The problem is size – not valuation-wise as the likes of Infosys (as an example) can easily justify the deal in paper terms, but in terms of revenue.
Valuation-wise, the biggest downside is in China, India and Indonesia.
Explaining the company's stellar valuation, Mr Wise says: "It's the first and main device people in these geographies use to connect to the web and these are the markets that will define the next wave of growth for technology businesses".
"The exchange rate and the salary cap have both kept down costs for Canadian teams, because salaries are paid in U.S. dollars," said Drew Dorweiler of the Montreal valuation and accounting firm Wise, Blackman.
Had it waited until after the event and watched younger competitors revel in the spotlight, its valuation could have sunk, so this was wise timing to sell.
Some figure they can coax an appraiser into lowering a valuation for them, but the I.R.S. has gotten wise to that.
(It's always wise to take advantage of the airline's excess valuation option when flying internationally).
Given the heady valuations that the company is likely to attract, the two would be wise to do so.
Nonetheless, some of these companies outside the Valley would be wise to study the Valley's approach to evangelism to raise more money and at higher valuations.
2. Valuation.
Supposedly wise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com