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1. I'm not talking about TGP's only, although I don't say they should be valued with other standards.
2. > "office, the gear, and the employees as well"
yes it's different but that doesn't have to mean that it's less worth. What about all the custom software which many companies have develloped for their site, all the hours work in design etc. And employees only cost hugh amounts of money. The less employees you have the better. And you must see this relatively of course. The internet business is a computer based business with that I mean that 1 person can make more turnover-profit than in almost any other business. This is of high value and that's something what should pay for. So yes it's another kind of business with other kind of assets, but that doesn't have to mean that they should be valued different.
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