There is more. If we think of ourselves as the first users of Reddit, as well as Reddit employees, and Reddit shareholders, etc, then of course the value per employee is not the same as "value per user". Steem is decentralized so there are no employees of Steem. There are contributes to Steem but anyone can make a plugin or add value in some kind of way.
I don't think it's going to be easy to figure out what the value per user should be but I would expect it would be pretty high in the early stages and we are in the first few months here so this is still the very start of a sort of decentralized company.
@dana-edwards I can certainly agree with your points hear.