Re:Wizards of bullshit: How Forbes turned $6.5 million into ...
by hugh3 on Wednesday June 29, 2011 @11:42AM
(#2709863)
You don't need to extrapolate much further from the 0.01% of the shares bought in this transaction to see how ridiculous that is. That's how 37signals became a $100B company with a $1 investment following the same template
Extrapolating to the one-dollar case is extrapolating too far. Whoever bought 0.01% of facebook, they were investing real money which they didn't want to lose.
... or were they? If the buyer were already a big facebook shareholder I suppose they might just be trying to build up the company's on-paper valuation prior to the float. Does GSV own a chunk of facebook already?
Extrapolating to the one-dollar case is extrapolating too far. Whoever bought 0.01% of facebook, they were investing real money which they didn't want to lose.
... or were they? If the buyer were already a big facebook shareholder I suppose they might just be trying to build up the company's on-paper valuation prior to the float. Does GSV own a chunk of facebook already?