Are $1 billion valuations stuffing what used to be the top-of-the-line executive room haphazardly? That depends on who you ask. The Wall Street Journal quotes several investors and managers who speculate that giving companies a high valuation stems from the drive to find the “next Facebook”. Phil Libin, from the same article, has the best response: “As CEO of Evernote, I don’t care whether there’s a bubble or not. What we want is to make sure we’re isolated from market forces and bubble dynamics and that we’ve got the resources to get through it.”

[Source: WSJ]