Well a few months back, like when I started this blog, I didn’t have a very favorable opinion of Facebook. I figured, another social network, attracting a bunch of people to get online and IM each other and post stupid comments. I will admit, just like Om I was wrong about Facebook.
In fact I will also admit that Mark Zuckerberg was wise for turning down $1 Billion from Yahoo. As we are seeing today, the company is running full steam ahead into the middle and later parts of 2007. $100 million in profit this year is a nice way to fund a their annual holiday party. I hope for the Facebook crew, Mark charter’s a jet and takes them to Hawaii or something.
Now why do people not get it? I guess it’s because most of us have worked the regular job, been in corporate America, and remain jaded by anything online. There was a time when all that were online (and still are), were snake oil salesmen and carpet baggers. Many of those still exist in the remote corners of Nigeria still, but for the most part, the wild west of the internet has started to clean up it’s act.
I guess those that don’t get it will always remain bewildered by staying off line in the safety of corporate America. If you are not ready to let go and let the wave take you where it may, than you will never understand why Facebook is about to get that $10 Billion check. Just like the forefathers that stayed in NYC and never took that run to San Francisco during the gold rush days of the 1800′s, these people are unwilling to put on that cowboy hat and rough it. They will stay in NYC until they die.
They will watch the Mark Zuckerberg’s go by in open toed sandals, while still waiting to celebrate their 30th birthday. Those that can’t let go are only doomed to watch history in the making pass them by. Corporate America was never a favorite place to be for me at least. For most, it isn’t. The ones that came up the ranks the old fashioned way love it because that is what they watched happening before them.
Time to change the station. Where it’s happening now is right here, online. All the jobs in the economy are being created right here before your very eyes. Funny thing, Facebook is creating a lot of them. Strange that I am saying that, but it’s true. The “Facebook economy” is running tons better than the United States economy. Dare I say it? Facebook is becoming it’s own little nation. A highly profitable and well run one.
Technically Speaking, I looked at the Nuclear Inbox LLC checkbook, and I’m about $10 Billion shy of buying Facebook. I do however think that with the recent job posting looking for some financial savvy person to manage the IPO, I would bet they do that instead. Look at Google. IPO was probably the best thing they could have done. Facebook just mastered the art of the leverage and traction. Facebook will just do it sooner.
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