This is not a movie review because I am not sure how I felt about "the social network" as a movie. It in fact didn't seem a lot like movie to me. While watching it, I was reminded of the documentary "The pirates of silicon valley" and a book I read on Steve Jobs (iCon). I always thought Steve Jobs as the (relatively) non technical guy (Wozniak being the tech muscle) who by virtue of his other qualities got to run the company as his own. I am talking of the beginnings and not about his eventual departure before he was called back again. Facebook had the tech guy holding the reins whereas the business guy was sidelined neatly though with help from dubious avenues. So, it seems, the tables are turned for better or worse.
A little more clarification on Jobs vs. the business guy comparison. Honestly there is none. I think Jobs was way too hands on to be compared with Saverin who in all earnestness said he didn't know how to change his relationship status. Also, Jobs has far redeemed his image in last decade or so and needs no more justification to his value add.
Now, I don't intend to pass any judgment on any of the guys as I am a believer in Karma and I think "over a period of time" you will get what you deserve. I don't deny the presence of outliers to this rule, but like I have many times said earlier, if you are out of luck, you are just fucked. So no rules apply to you any more.
One thing is for sure, the aura of Mark Z will grow enormously with the movie, possibly an almost facebook-like expansion. It might actually give a big boost to the eventual IPO if it happens soon. On that front, I am of the opinion that they should do that within next one year. With the rapidly changing world of internet, it doesn't take a lot of time for things to go downhill and faster will the reaction of investors who tend to anticipate these things. It is the time that they en-cash their "equity" literally. It is already valued at $25b and I am not sure if their growth trajectory is steep enough to make the risk worth it. I can come back a year later and check on how my analysis fared. I have a terrible record at it, but thankfully most of it is undocumented.
A little more clarification on Jobs vs. the business guy comparison. Honestly there is none. I think Jobs was way too hands on to be compared with Saverin who in all earnestness said he didn't know how to change his relationship status. Also, Jobs has far redeemed his image in last decade or so and needs no more justification to his value add.
Now, I don't intend to pass any judgment on any of the guys as I am a believer in Karma and I think "over a period of time" you will get what you deserve. I don't deny the presence of outliers to this rule, but like I have many times said earlier, if you are out of luck, you are just fucked. So no rules apply to you any more.
One thing is for sure, the aura of Mark Z will grow enormously with the movie, possibly an almost facebook-like expansion. It might actually give a big boost to the eventual IPO if it happens soon. On that front, I am of the opinion that they should do that within next one year. With the rapidly changing world of internet, it doesn't take a lot of time for things to go downhill and faster will the reaction of investors who tend to anticipate these things. It is the time that they en-cash their "equity" literally. It is already valued at $25b and I am not sure if their growth trajectory is steep enough to make the risk worth it. I can come back a year later and check on how my analysis fared. I have a terrible record at it, but thankfully most of it is undocumented.
Comments (0)
Post a Comment