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.
Of course you didn't read the rest of the article. That would be too
much to ask.
Had you done so, you would've seen the next paragraph:
We know the retort here: What about Google? They didn't figure out
money for years, and look at them now! And we think that's a
reasonable answer -- if you really think Facebook will end up as a
Google-sized business. But if Facebook ends up being something less
than that -- say, a big and popular Website, but not a world-
changing business that throws off billions a dollars a year and
disrupts multiple industries -- then Mark's backers may end up
wondering why they didn't push him to figure that sooner than later.
You continued with this little bit of silliness:
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?
Gary Dahl (http://tinyurl.com/4jatmh) made more money than me too.
That doesn't make me envious of the pet rock industry.
Jared
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