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Some backers have called valuations "completely insane" and mutterings about bubbles are heard constantly.
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Others thought that idea was ludicrous, and that valuations were completely ridiculous.
Being unable to project any sustainable revenue mechanism makes such a valuation process completely pointless.
Pausing for a moment, he put some blame on analysts: "What we saw was that valuations were getting completely beyond the realm of any individual to explain them, other than these well-respected analysts saying, 'Well, you just don't get it.' " Over all, he remains proud of the firm's performance.
"Some people are paying valuations that are completely absurd," he says.
If you think, as I do, that Internet stock valuations have gone completely nuts, you may be casting about for ways to bet against them.
It is worth noting that the gap between Box's last private valuation — $2.4 billion — and its IPO valuation will likely be completely erased, presuming that the company's shares don't fall sharply in later trading.
Instead we agreed to do a future closing at a completely different valuation if we achieve certain business milestones.
"We will not put valuations on players that are completely unrealistic.
We felt their valuation of the company was completely wrong".
Mark Kornblau, a JPMorgan spokesman, also said the bank's valuation control group had been completely revamped with additional staff members and a new governance structure that brings greater consistency and regimentation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com