[TuringNYC]

Not to mention, VC valuations have all sorts of hidden stipulations such as liquidity preferences which skew headline private valuation numbers unnecessarily high. Public markets have a full view of the cap table and can better evaluate price w/o hidden tricks.

[jjeaff]

Plus, all VC investors have every incentive to juice the valuation after they have bought in.

They don't have short sellers seeking out reasons to tank it like the public markets do.