Of course Uber isn't worth $17 Billion dollars right now - no one would argue that. The valuation is based not only on what the company is worth right now, but

Of course Uber isn't worth $17 Billion dollars right now - no one would argue that. The valuation is based not only on what the company is worth right now, but on what investors expect it to be worth in the future. My startup got into an accelerator at a $500,000 valuation. Were we worth that when we started? Of course not. The hope was that we would be by the time we got out.