Valuations like this always remind me of this meme which went around when 37Signals had an absurd one of their own: https://signalvnoise.com/posts/1941-press-re

Valuations like this always remind me of this meme which went around when 37Signals had an absurd one of their own: https://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment https://signalvnoise.com/posts/1941-press-release-37signals-... $500m sounds like a lot, but the 60:1 ratio says to me that the investors aren't confident they're getting their money back.