When you think that Zagat - a world renowned service for restaurant ratings for over 30 years - was purchased for about 15% of what Instagram cost, I would say

When you think that Zagat - a world renowned service for restaurant ratings for over 30 years - was purchased for about 15% of what Instagram cost, I would say it's cheap. I know new whiz-bang startups can generate a lot of cash (if they are lucky), but it always surprises me how low the valuation of old guard companies can be.