On a related note: Raising money at insanely large valuations sounds sexy and exciting, but can lead to serious problems down the road. The expectation with any VC-backed startup is for the proverbial valuation pie to expand after each round of funding. If the pie is already spilling over the sides of the pan after the A round, then the company is almost certainly destined for a down B round unless they can grow massively. That typically smells of desperation and failure, or a rotten pie, to continue the analogy. Damn, pie sounds really good now at 1:15am.