"that's what people (in private market) are willing to pay" And on top of that, investors paying those amounts are also able to influence their investment in w

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