Looking back it feels like GOOG, FB, TSLA etc. all went IPO at reasonable valuations. Retail & public investors did benefit long term and continuing to get higher valuations in public is not a small feat compared to a VC valuation.

A trillion dollar valuation seemed so hard back in the day and now there are so many companies in that list. What's the next level?

Is this just signs that $ is no longer the inflating at the same rate over time and its the realistic inflation that is reflecting in the stock market?

Prices of all goods surely has to follow to make up for the revenue needed to sustain these valuations and also the salaries to sustain the prices.

Unfortunately, those who are not in the loop is not going to have a good time.

maybe we will look back and also think that the current slate of IPOs were reasonable valuations?