Sounds like super-higher bubbly valuation to me. They were already valued at 70x their revenues a year ago at $800 million valuation: http://www.bloomberg.com/

Sounds like super-higher bubbly valuation to me. They were already valued at 70x their revenues a year ago at $800 million valuation: http://www.bloomberg.com/video/how-much-is-the-thermostat-company-nest-worth-ncsStWMqSw2v0TH_qY6GqQ.html http://www.bloomberg.com/video/how-much-is-the-thermostat-co...