Life is grand

TechCrunch asks:

Facebook may be holding out for a $15 billion valuation. What the hell. Why not?

Because there are better things to spend ten billion US dollars on? Because Facebook isn’t worth that? Because would even 5% of Facebook users pay for the service? Because do even 10% of Facebook users click through on adverts or take notice of brands on Facebook? Because do even 11% of Facebook users provide sustained benefit to the creators and owners of Facebook applications?

And no. Facebook isn’t worth $10 billion. You are worth what people are willing to pay and Microsoft isn’t going to fork over that much for 100%. Instead, 5% at a few hundred million to position Microsoft better and catch a potential Facebook IPO is more like it.

Still. This is silly money. Much of the world is struggling for daily food and water while we Web 2.0 fan boys drum-up noise for, frankly, worthless systems.

Make your million, get your evaluation, enjoy your nice house and fast car, but don’t be greedy. Quit while you still have a heart, folks.

This entry was posted on Monday, September 24th, 2007 at 9:00 pm and is filed under Post. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.