Tech companies across the board are hitting record stock prices, TechCrunch notes, as investors scurry to pump their money into anything remotely related to Silicon Valley. This week, companies such as Apple, Facebook, MobileIron, TubeMogul, and Arista Networks have all hit all-time highs.
Microsoft, too, is trading at its highest price in ten years. This means private tech companies are looking to get in on the stock market bonanza:
Companies that are losing [money] are looking to raise hundreds of millions from investors — LendingClub filed to raise $500 million [yesterday], Box wants $250 million and so forth.
You don't need to make money to make money.