[raldi]

Are you sure the class, as a whole, is overvalued? If, in 1999, you had invested $1000 each in Google and 49 flops, you'd still have come out ahead.

[phreeza]

What I mean by 'class' is the slew of companies now valued at 1B+. Not sure what googles valuation was in 1999? I am guessing it was still well below 1B.