I wish I could think of a reasonable way to normalize for the age of the company. A decade ago, there was no SOX and it didn't suck as much to be a public compa

I wish I could think of a reasonable way to normalize for the age of the company. A decade ago, there was no SOX and it didn't suck as much to be a public company, and it wasn't as easy (?) to raise $100MM from DST as an alternative. Facebook delayed its IPO for as long as possible and went to the private capital markets instead of to the public. Its valuation should be compared with companies at a similar point in their lifecycle.