Gadgetory

facebook wins it go in public and what does it mean force toward us soon marks in China and Japan doing the IPO book so what do you guess my time I think well I don't think he's in Shanghai busy me his with his girlfriend's family about two weeks before they're gonna go IPO so that's probably not why he's in China you think it's just a few weeks away I I'm guessing weeks to single month yeah I think it's a late April or May and when we were doing the millennial IPO the bankers are the same as Facebook and they said we got to get this done by the end of March I said why did him to march they said we got a lot of other stuff we got to hear me like wonder what they're talking about very good yeah I mean I think the rest of the what does it do for everyone else does it increase the mania does it increase the panic of the email list evaluation probably cross the pond my god how sir that's such a big liar but I just meant for other company the rest of the market feels like Oh everything does it increase valuation for companies that you didn't know probably helps us with our company's getting valuation probably hurts us in terms of valuation for new investments that we're doing it's good for probably good for entrepreneurs I know I mean they're gonna have a huge currency to buy things with Randy's gonna motivate other buyers but they're not regular buyers there is a very anti acquisition and when they do do acquisitions or small acquisitions and attention and they tend to screw the investors in the acquisitions right they will move most of what do you mean of all well then the most the smart acquires all do this now for the echo hires were you basically but I don't think that smart acquire screwing investors is actually smart okay like the clever right the clever lawyer thing are moving most the acquisition price into the package for the team and the investors get their money back maybe with interest if they're lucky yeah so I've seen a lot of investors look at Google and other folks are watching that might work for individual angel investors for those of us who are basically producing hundreds of companies on any no basis note for the record that will not be work thank you I'm wondering if you guys have some perspective on the upcoming Facebook IPO and on the facebooks need to go public they're gonna make a load of money we all use it gay like that's it we don't need to like talk multiple times though I'm asking hear me out my question is is if the pricing and aftermarket performance of the facebook IPO might set the tone for future funding valuations for companies down the road yeah maybe it's a factor next Facebook's a big-ass company they're doing really well they're going to make a lot of money I think Dave should have invested it didn't go okay um I used to work for the guys who was one of the biggest investors but what America over a long time line the venture business on average barely makes money or loses money depending on whose statue listen to this because that means for every 10 or 20 or 30 billion made into Facebook IPO it gets reinvested in a frenzy in the startups los different keep that in mind right well yeah that's the effect i bet i think facebook is distorting what's going on like Facebook is this once in a decade really big business that makes a small number of people a large amount of money and the actual trend is venture is getting a little bit more scientific we're getting smart about this business and it's easier to create 25 to 50 million dollar businesses with regularity like that's what's really interesting and what's going on and why it's changing the dynamics because it's actually harder for large funds to make money now because it's easier for entrepreneurs to exit early they own more of their companies they're more efficient about it like that's what's cool and like crowdfunding is challenging seed investors seed investors are challenging around investors around investors are challenging period investors like there's efficiency throughout the whole system that's going on facebook this big anomaly that is more the old world not the new world yeah so that's the most interesting yeah people keep talking about the facebook but like okay how many people here really still obsessive users of facebook or have moved on to something else yeah yeah from from over facebook you heard of here it's not it's not over but it's gone so morning facebook has gone so mainstream that i think most people here have moved on to a Twitter or Pinterest or whatever but we're the thoroughly yeah I get it but that's not saying I don't think Facebook is that interested in talking about here now like it's not on the edge anymore