&quot;that&#x27;s what people (in private market) are willing to pay&quot;<p>And on top of that, investors paying those amounts are also able to influence their investment in ways they couldn&#x27;t do as easily in public markets, whether it&#x27;s buying a board seat, setting up multipliers, dilution protections and last in &#x2F; first out agreements (and I&#x27;m sure others that I&#x27;m not even aware of).