Online start-up companies ' valuation has risen sharply

Beijing time September 23 morning news, according to foreign media reports, the Nasdaq Composite Index has been stable this year, but there is a type of technology companies valuation is fast rising, that is closed-ended personal network companies. Venture-capital firms and other investors have been driving up valuations for individual web startups, especially those that show the most user adhesion.　　Just as in the dotcom boom of the late 90, some investors are giving overvalued valuations to personal internet companies that have not actually generated revenue and have produced virtually no products. In these companies, according to sources familiar with the news, the question-and-answer website Quora Inc. raised about $14 million trillion in a financing round in March, and the company's overall value rose to about 87.5 million dollars.　　Until June, Quora has not yet publicly launched its services and has not disclosed how the site will be profitable. Another start-up, the consumer information-sharing website Blippy, raised 11 million of billions of dollars earlier this year, raising the company's overall value to $46 million trillion.　　According to one source, Foursquare raised $20 million in June this year, and the company's value has risen sharply to $6 million a year ago, to the current $95 million trillion. Generally, the valuation of closed-end stock companies is based on speculation. But the strong valuations of individual internet companies show how parts of the Silicon Valley start-up market have bounced back after the recession cycle. The rebound has been shown since last year, when Twitter's corporate value reached $1 billion trillion after a financing round, according to VENTURESOURC, a market research firm based in News Corp.　　When Twitter was in the middle of the 2008 financing round, its company was worth only 95 million dollars. Some investors worry that overvalued valuations suggest that the bubble has returned to the Internet industry, which could create false hopes for a company's performance, forcing entrepreneurs and investors to bet on such expectations.　　Many investors will be unable to take back their investments, especially in the context of the relatively low acceptance of IPOs (IPO) in recent years. "When you raise valuations at any time, it means you are making a promise that is implicit and has to be fulfilled, and that is the challenge," said Matt MacInnis, CEO of Inkling, the ipad's ebook platform, Matt Mackinnis.　　Inkling announced last month that it had obtained funding from a financing round from venture capital companies such as Sequoia Capital (Sequoia). The rise in valuations of individual Web startups is also reflected in the two-tier market, where investors are buying and selling shares of closed-stock companies such as Facebook. In unlisted CompaniesOn the Stock Exchange platform, the shares of 6 of secondmarket companies with active turnover rose by an average of 38% between January and August, including 4 individual internet start-ups. In contrast, the Nasdaq Composite Index rose by just 3% per cent this year as of yesterday, in the Nasdaq market, where technology giants such as Apple and Intel were gathered. "There is a big gap between the open market and the private equity market," said Saar Gur, a venture capital firm Charles River Ventures. Silicon Valley start-up investors say valuations are rising faster, although the rise in valuations of popular internet companies is nothing new.　　With the growth of the Internet, internet companies have been able to grow faster than ever, making their valuations grow faster than ever before. For example, Groupon, which was founded in 2008, from the Russian investment company Digital Sky Technologies and venture capital in April, battery Ventures received 135 million of dollars in investment, and the company's value amounted to about 1.35 billion dollars. (Tangfeng)