http://www.theequitykicker.com/2006/09/13/facebook-opens-up-and-turns-down-big-exit-can-this-be-for-real/ Nic Brisbourne's view from London on venture capital and exploiting change in technology and media Sat, 11 Feb 2012 20:08:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.theequitykicker.com/2006/09/13/facebook-opens-up-and-turns-down-big-exit-can-this-be-for-real/#comment-62 Drama 2.0 Thu, 14 Sep 2006 05:17:56 +0000 http://www.theequitykicker.com/2006/09/13/facebook-opens-up-and-turns-down-big-exit-can-this-be-for-real/#comment-62 Thanks for the kind words about the piece Nic. What's amazing is that none of what either of us is saying is rocket science. Viacom's offer was extremely rich (as you saw from my cost per user analysis) so I've always wondered how it was rejected. Facebook's initial investors would have gotten more than the 5x - 10x returns they were looking for when they made their investment and the founders would have gone from dorm rooms to being amongst the richest founders under the age of 25 in less than 3 years. Facebook has top-tier VC backing so I'm just itching to know what happened. You're a VC and you're questioning how it was rejected. I don't give much weight to anonymous comments posted on blogs, but I once saw somebody mention that Mark Zuckerberg is the person who rejected the offer. He apparently still owns 50% of the company and wants to be the youngest self-made billionaire ever, hence the $2 billion valuation they demand. I don't know if this is true, but if it is, it could represent the ultimate epitomy of greed. Thanks for the kind words about the piece Nic. What’s amazing is that none of what either of us is saying is rocket science. Viacom’s offer was extremely rich (as you saw from my cost per user analysis) so I’ve always wondered how it was rejected. Facebook’s initial investors would have gotten more than the 5x – 10x returns they were looking for when they made their investment and the founders would have gone from dorm rooms to being amongst the richest founders under the age of 25 in less than 3 years. Facebook has top-tier VC backing so I’m just itching to know what happened. You’re a VC and you’re questioning how it was rejected. I don’t give much weight to anonymous comments posted on blogs, but I once saw somebody mention that Mark Zuckerberg is the person who rejected the offer. He apparently still owns 50% of the company and wants to be the youngest self-made billionaire ever, hence the $2 billion valuation they demand. I don’t know if this is true, but if it is, it could represent the ultimate epitomy of greed.

]]> http://www.theequitykicker.com/2006/09/13/facebook-opens-up-and-turns-down-big-exit-can-this-be-for-real/#comment-10348 Drama 2.0 Thu, 14 Sep 2006 05:17:00 +0000 http://www.theequitykicker.com/2006/09/13/facebook-opens-up-and-turns-down-big-exit-can-this-be-for-real/#comment-10348 Thanks for the kind words about the piece Nic. What's amazing is that none of what either of us is saying is rocket science. Viacom's offer was extremely rich (as you saw from my cost per user analysis) so I've always wondered how it was rejected. Facebook's initial investors would have gotten more than the 5x - 10x returns they were looking for when they made their investment and the founders would have gone from dorm rooms to being amongst the richest founders under the age of 25 in less than 3 years. Facebook has top-tier VC backing so I'm just itching to know what happened. You're a VC and you're questioning how it was rejected. I don't give much weight to anonymous comments posted on blogs, but I once saw somebody mention that Mark Zuckerberg is the person who rejected the offer. He apparently still owns 50% of the company and wants to be the youngest self-made billionaire ever, hence the $2 billion valuation they demand. I don't know if this is true, but if it is, it could represent the ultimate epitomy of greed. Thanks for the kind words about the piece Nic. What’s amazing is that none of what either of us is saying is rocket science. Viacom’s offer was extremely rich (as you saw from my cost per user analysis) so I’ve always wondered how it was rejected. Facebook’s initial investors would have gotten more than the 5x – 10x returns they were looking for when they made their investment and the founders would have gone from dorm rooms to being amongst the richest founders under the age of 25 in less than 3 years. Facebook has top-tier VC backing so I’m just itching to know what happened. You’re a VC and you’re questioning how it was rejected. I don’t give much weight to anonymous comments posted on blogs, but I once saw somebody mention that Mark Zuckerberg is the person who rejected the offer. He apparently still owns 50% of the company and wants to be the youngest self-made billionaire ever, hence the $2 billion valuation they demand. I don’t know if this is true, but if it is, it could represent the ultimate epitomy of greed.

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