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At the rate FB is falling, there won't be 1000 new millionaires by that time
by ppop 14y ago
At the rate FB is falling, there won't be 1000 new millionaires by that time
- agotterer 14y agoFB is still going to be worth $40B?. Its not $100B+, but there are plenty of people that are going to make a lot of money if they sell. Also check out Fred Wilsons response (http://www.avc.com/a_vc/2012/06/some-perspective.html http://www.avc.com/a_vc/2012/06/some-perspective.html). He makes some good points about the returns still being pretty damn good.
- jeffreymcmanus 14y agoIf you do the arithmetic, yes there will. At any rate, you don't need to be a millionaire to do venture investing.
- ppop 14y agoAt the rate FB is falling, it will be worth less than 12 billion in 3 months.
- lachlanj 14y agoIt's these kind of forward projections that cause booms and busts, ie. people assuming that housing prices will increase at a steady/regular rate over time. Just as we saw that this doesn't happen in a steady way, nor will facebook steadily decline over the next 3 months.