Year: 2007

TheFunded.com – The Balance of Power Has Shifted

Last night, I attended a launch event of sorts for TheFunded.com Actually, TheFunded.com has been online for over a year, but up until now, it’s founder has chosen to remain anonymous. TheFunded.com is a Web 2.0 “Consumer Reports” type site where CEOs of Venture-Backed companies anonymously rate the investors they’ve worked with and presented to. …

TheFunded.com – The Balance of Power Has Shifted Read More »

The Psychology of the Absurd Valuation

A few weeks ago, Microsoft made a $240 million investment in Facebook for a 1.6% stake.  That puts Facebook’s valuation at $15 billion versus sales of approximately $150 million. That’s a breathtaking 100-times revenues valuation.  By conventional logic, that’s a nearly impossible valuation to justify. But that pre-supposes that valuation is inherently a logical process. …

The Psychology of the Absurd Valuation Read More »