![The Information's 411 show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/068/768/small/the-information-s-411.jpg)
Summary: Alfred sheds some light on how mutual funds and other big investors really come up with their valuations for private tech companies. And Cory talks about the shift in Silicon Valley talent away from startups and toward the behemoths like Facebook and Google.