I am commenting from the perspective of someone who is not in the US. Currently from the Asian region (excluding China), valuations are no where near that of the US. In Singapore alone, even with for a startup with vast customer based overseas is being acquired for only $10million. Yet, that $10million acquisition is more than enough to make the startup a superstar in our ecosystem.

Perhaps this bubble is only present in the states, but elsewhere in the world, valuations are still reasonable.