True, but it will take a few more decades before the market gets as comfortable valuing web companies as they are at valuing rental car companies. A big part o

True, but it will take a few more decades before the market gets as comfortable valuing web companies as they are at valuing rental car companies. A big part of the valuation is simply unknown upside of the web in general and business models that will emerge. We like to laugh at the excesses of the dotcom boom, but the uncertainties that drove the insane valuations are still at play on a smaller scale.