Facebook, Twitter, & startup valuations - The best properties always look too expensive

The best properties always look too expensive. Market leaders command the highest prices. It is only a year or two later that they look like great deals. The experts thought Microsoft was crazy when they invested $240M in Facebook at a $15B valuation. Crazy like a fox. Digital Sky Technologies invested $200M in Facebook in May of 2010 at a $10B valuation. The "experts" thought the Russians had gone crazy. What do they think now? Just 7 months later Goldman Sachs is investing $500M at a $50B valuation. No one ever called Goldman Sachs crazy.

via dondodge.typepad.com

Comments

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