Facebook, Facebook Get Ya Facebook Shares at 80% off


TechCrunch is reporting that an insider at Facebook is shopping his shares at 80% off the normally quoted (and probably absurd) 15 billion dollar valuation.   TechCrunch is also suggesting that even Mark Zuckerberg is willing to sell shares at a price consistent with a 6 billion valuation for the company.

Like Arrington, I’d also like to take one share of Facebook.  For me please add a Coke and a Cheeseburger.

The 15 billion never made any sense, and as it becomes clearer that social networking won’t monetize well their perceived value may quickly drop below a billion, though that would still be one heck of a payday for Mark Z and the gang.

No VC for you! Zero IPOs in Q2 2008


The New York Times is noting that there have been no VC funded IPOs in this second quarter of 2008, which appears to be the first time that has happened since 1978. I haven’t done enough research to suggest this is a huge anomaly but I think it is another mildly ominous happening in the world of US business economics. Last night on Charlie Rose a key guy a Llyods of London Insurance was suggesting that in his view the mortgage crisis here in the USA is not at all over, and also noted how business things are blooming and booming in Asia and India while they appear to be wilting here in the USA and Europe.

In my opinion the best we an hope for is a fairly soft landing as China, India, Vietnam, and other parts of the developing world take their (rightful) place as players in the global economy. We’ve had it pretty easy for the past 60 years after WWII reconstruction rescued many economies from post-war ruin. Unfortunately that beneficence has been long forgotten (and it helped our economy along anyway).

So tighten up that belt and start spending less, because business isn’t what it used to be and it’s not going to be back anytime soon – perhaps forever.

Twitter less?


Seems to me that Twitter is, in fact, a very important issue with far too much discussion about downtime and not enough about why Twitter appears to be replacing blogging, Facebook, and email as the communications paradigm of choice for the digital elites, which often means  the rest of the online world will soon follow.

Twitter’s system failures have become so common that several of the silicon folks like Mike Arrington are suggesting that people should be moving  to other services – most noted is FriendFeed which now allows “room” conversations as a way to sort noise from signal and talk with a group about specific topics.   I think if they’d come along at same time FriendFeed would be winning the war for the hearts and minds of the legions of twitterers, but Twitter has such a foothold as the microblogging / communication tool of choice it’ll be hard to unseat Twitter unless their services fail to improve over the coming months.   Improvement is likely given their recent Venture capital injection which effectively valued Twitter at about 100 million – enough that money will  soon pour in as needed to beef up their shaky infrastructure.

Why is Twitter important?   It’s really a form of A.D.D. blogging – fast and furious with links out to full treatments which can be read only if they really look interesting.  Because Twitter caters to short attention spans and also throws everybody in regardless of laptop color or digital creed, it’s going to keep catching on fast with the business and tech crowd.   I am NOT convinced it’ll be a big hit for grandma or even Nascar dads, who will see Twitter for the time waster it tends to be…

Yikes.. my Twitter Deficit Disorder makes me think a blog post of more than 143 letters won’t generally get read anyway, and makes it harder to write.