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I think what they're doing is daring, but it makes sense. Creating a business plan narrows the companies options; as long as they don't have one, they're flexib
by byrneseyeview 18y ago
I think what they're doing is daring, but it makes sense. Creating a business plan narrows the companies options; as long as they don't have one, they're flexible enough to bring in new users (and keep old users coming back), which could open up more possibilities.
If Zuck had monetized when Facebook was at Harvard, Facebook would have been cash-flow positive. And he would have graduated with a few thousand dollars extra in the bank, rather than dropping out and ending up with a billion-something net worth.
- timr 18y agoPaper net worth.
- byrneseyeview 18y agoThe kind represented by stock certificates, as opposed to the kind represented by green pieces of...
- deleted 18y ago[deleted]
- timr 18y agoIndeed. The same kind of net worth represented by Pokemon cards, Beanie Babies, and my vintage Flooz collection.* (*I don't actually have any Flooz. Oh, but if it were so....)
- ReverendBayes 18y agoI'll trade you some of my stock certificates for some of your green pieces of....
- rokhayakebe 18y agoI bet I heard he took out $40M in cash after selling some of his equity a year or so ago.