[seiji]

I think you just agreed in a slightly angry way with plenty of citations.

Internet company valuations are also driven up by a small group of very rich people who all collude to drive up valuations anyway and promote their own rich people agendas anyway. It's not entirely based in the real world and doesn't come under real world scrutiny until it's too late.

[chiaro]

I mean this kindly: the tone in which you read comments on the internet can be very dependent on your own mood.

[on_]

> I think you just agreed in a slightly angry way with plenty of citations.

I am not sure what you mean? The citations I included, I agreed with and included them to substantiate my claim, which was:

It is not dumb or irrational to get to $1b, I disagree with Sam there. This allows you phenomenal free marketing, exposure, access and capital. It is rational to continue to take money and increase your status as the market is placing a huge premium on reputation and hype. I do think a horrible equity structure would be a bad compromise to make, but given that these markets are private your value is basically your old valuation (which prices in extreme future growth) and your status/pr/exposure. So depending on your value you can fake your way onto the unicorn list.

PLS Logistics is a inc 5000 company, I do not know the valuation. I suspect it is much less than the article I cited stating the dropbox deal terms >$10b. To be clear, the article, which I agree with, states this is well overvalued, but the "price" is around that number by the market. Box stock has liquidity, less uncertainty (known financials), more enterprise customers (stickier) and is valued less. I think storage is a bad business to be in and it is likely in the twilight of 2016 price parity is reached between SSD and HDD drives, a terabyte SSD can be had for $300[0]. Consumers can use free solutions like google and apple, or a 256GB thumb drive and enterprise companies will migrate to locked down internal private networks.

Regardless, freemium and non-monetizing service companies are in bad shape. Investors and founders have an incentive to get their pseudo-value up, and I was addressing that point. Status, in a market with limited transparency or liquidity, is passing as capital and given the rate hike that is coming and the likely failure of a few of these companies creationg a series A crunch, it wouldn't be unwise to cash that status in for currency.

If you were referring to my other comments about the Samwer bros. I apologize for the long winded spiel above. Those were really bad punny jokes and allusions to Bloomberg not editing the story and referring to it as 'Y Contributor' which sounded like a knock of version of YC.

edit: If you meant that the: > It's an arbitrary number of digits in base 10 numerals.

I disagree in that, much like in a Casino, the value is def. not realized until you walk out. That amount of arbitrary digits when that bell on the IPO day, will make them anything but arbitrary. Having that number start high and go up is good, and even if they are loosely based on something, people will used past values as a benchmark, at least initially. By then some wil have cashed out. Depends on what others are optimizing for.

Digits aren't wholly arbitrary, but they will become important.

[0]http://www.networkcomputing.com/storage/ssd-prices-in-a-free...