Facebook: 23yr old vs. Yahoo
I came across a Newsweek article on Facebook and its mastermind, Mark Zuckerberg, who at 19 created the social database that now rivals MySpace and any others. I just thought it remarkable and commendable that even early on, Mark could spit on the billion dollar offer from Yahoo. Now that is a case of sticking it to them, from the little man. Mark is not so little anymore, owning a business with some 300 employees. Yet it is still commendable that he keeps it for himself. Yahoo would have trashed it...
If you can read the article, at least read this segment:
Early investor Peter Thiel, who sits on Facebook's board, believes that a measly billion dollars for this 300-person company spread over three buildings in downtown Palo Alto, Calif., is a risible sum. Instead, he compares Facebook's current price tag to that of MTV, which he values at about seven or eight billion bucks. "Between the two, I'd want to own Facebook," he says. Not that it's for sale.
If you can read the article, at least read this segment:
Early investor Peter Thiel, who sits on Facebook's board, believes that a measly billion dollars for this 300-person company spread over three buildings in downtown Palo Alto, Calif., is a risible sum. Instead, he compares Facebook's current price tag to that of MTV, which he values at about seven or eight billion bucks. "Between the two, I'd want to own Facebook," he says. Not that it's for sale.
posted by Eric | 2:04 PM
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