Well said. And I agree, sometimes when people don't realize it they are jealous and hurt. A guy I knew who was, in my experience working with him, a complete loser [1] was fired and got a job at another company and that company went public during the dot com boom and made him several million dollars. Meanwhile my company, and I personally, made no such million dollar moves. And it made me jealous and angry and I could have easily written this exact same article about how clueless that company was for hiring the loser, but the emotion was from my hurt. It took a while to get over that [2].

Yahoo may be clueless here, but we really can't say that until we see if they get $30M in value out of the deal or not. So really all we can say is that we cannot see how they came up with that valuation. Then watch what they do to see where it goes looking for insights into their thinking.

[1] I recognize that "loser" is relative to the job they were asked to do, as opposed to the individual. At the time I was much less forgiving of people who weren't in jobs they fit (or didn't fit) with.

[2] I am still incredulous but I don't get angry and jealous over it any more.