Re: Mark Zuckerberg pre-nup?
Dex
5/24/2012 11:09:28 AM
It is just mind boggling that the IPO of the what-- decade? century? -- devolved into the IPO mess of all time. What does this say about the future of the company? If the leadership could not even get its IPO done right, I have little faith in its ability to protect its shareholders in the future.
Agreed, Street Smart. Pinterest is already proving users are all too eager to move to the next big thing.
Re: Mark Zuckerberg pre-nup?
Street Smart
5/24/2012 8:24:48 AM
I think @Noreen has read the tea leaves exactly right, not only about MZ's ultra-romantic wedding motives but about the need for Facebook user growth.
Only problem is...this article says it is not, not, NOT sustainable, no matter how many dogs, cats and hamsters get their own profiles this coming year.
Apocalyptic but fascinating read:
http://www.technologyreview.com/web/40437/#.T7ukj-GdYbw.email
You guys are wrong. It's not about community property.
He got married the day after the IPO mess to take attention off the negative things surfacing about it and simultaneously generate more publicity for Facebook. If the IPO had gone well, he'd have waited and planned a real wedding.
What self-respecting mega-billionaire gets married in a blue suit in his backyard before less than 100 guests?
Nope, seems to me like it was a rush to deflect attention from stuff Mark didn't like everyone seeing.
My prediction: He's going to grow the company's users by opening Facebook to anyone of any age, even kids under 18. What better way to see a spike in total users?
Uh-oh, good point!
I don't know if I had a net worth of $15B+ I would find it difficult if I started making personal decisions on the basis of how many billions it would make or break me.
After the first $1B, does it matter?
That's why I think Eduardo Saverin is a greedy and dishonorable person for what he did. He came to America, he got rich, he lived the American dream. The least he could do is pay us a few extra million in taxes.
But wait Scott,
If Mark Z knew FB would double in a year, he would want to wait another year before getting married.
Maybe he doesn't think it's such a good buy?
Well, I think it's obvious why he got married the day after the IPO because California is a communal property state but says everything you earned prior to the marriage is yours.
I wonder if he's going to stick the new wife with post-IPO losses? ;-)
It's true, VCs move in packs, and this is drawing capital away from other important areas. Example: Networking! There has been a significant decline in VC investment in newtorking gear. Somehow they are going to have to move all those Facebook bits. They'd better figure it out.
Take THAT, Venture Capitalists!
Street Smart
5/23/2012 8:06:57 AM
Interesting blog post arguing that the astronomical returns on social media are actually having a negative impact on funding other innovation in Silicon Valley, as well as other sectors such as pharmaceutical development and alternative energy.
Maybe Facebook's stumble will have a longterm postive effect?
http://steveblank.com/2012/05/21/why-facebook-is-killing-silicon-valley/
Interesting article in the New York Times yesterday about whether Mark Zuckerberg and his new bride, Patricia Chen have a pre-nup. Other than its tabloid curiosity value, I found the question interesting because he got married the day AFTER the IPO. The thinking is that under California community property laws, his Facebook assets pre-dated his marriage and therefore stay entirely in his column as opposed to being shared. What a romantic HE is!
http://www.nytimes.com/2012/05/22/technology/zuckerbergs-property-status-post-marriage.html
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