Yes Kontra, we all get that you are totally impressed that they
generated some funding. But in the real world we look for proof that
they can make money. We call this revenue and accountants (and share
holders) are interested in extrapolating from that revenue some
indication of profit. Further, that they generated funding
'indicates' the potential worth of the remaining stock, but until
someone actually 'pays' for that stock... it is merely speculative
worth. Understanding the difference in these concepts will serve you
well as both a designer and a business person.
On Oct 9, 2008, at 9:36 PM, Kontra wrote:
If you're counting, three years from now would be nearly 7 years
since Mark
(and others) started Facebook at Harvard, and four years since
Microsoft
plowed $240 million into the company.
So what?
Google made its first $100MM profit 5 years after and went public 6
years
after its incorporation in 1998. Its meteoric rise really started in
mid-'05, nearly 8 years after they cashed Andy Bechtolsheim's check
for
$100K that started it all. AdSense, for example, came in company's
5th year.
(And Google happens to be an exceptional case of a web company with
such a
rapid rate of growth and subsequent ability to persist. Most others
fare
much worse.)
Whether it's worth as low as $3 billion or as high as $15 billion,
now or in
three years, what Zuckerberg has achieved in wealth creation would be
immensely higher than anybody else's record on this list, including
you,
wouldn't you say?
--
Kontra
http://counternotions.com
________________________________________________________________
Welcome to the Interaction Design Association (IxDA)!
To post to this list ....... [EMAIL PROTECTED]
Unsubscribe ................ http://www.ixda.org/unsubscribe
List Guidelines ............ http://www.ixda.org/guidelines
List Help .................. http://www.ixda.org/help
________________________________________________________________
Welcome to the Interaction Design Association (IxDA)!
To post to this list ....... [EMAIL PROTECTED]
Unsubscribe ................ http://www.ixda.org/unsubscribe
List Guidelines ............ http://www.ixda.org/guidelines
List Help .................. http://www.ixda.org/help
