Last week, I asked Mark Zuckerberg how he would see MySpace and Facebook coexist under News Corp., with the implication being that Rupert Murdoch dreams of acquiring Facebook and would eventually make it happen.
It was a couple of questions in one : continue reading...
Peter Thiel’s initial claim to fame was as the CEO of Paypal.
Today he runs Clarium Capital Management and the Founders’ Fund. The former is a hedge fund with $2B under management, the latter is a $50M venture capital fund that has raised the ire of uber angel investor Ron Conway, mainly for allowing entrepreneurs to partially cash out when they sell equity to VCs in funding rounds. continue reading...
Less than 48 hours ago, I laughed-out-loud when I read that Bay Partners would be setting up a separate fund to invest in Facebook Application Developments (which incidentally spells fad, but that’s really just a coincidence). Don’t get me wrong, I am extremely bullish on Facebook (Facebook 100M users, a matter of when, not if) and if I were a part of the company I could envision a dozen ways to create an Ad Sense-esque revenue stream… but the fact remains, Facebook Apps is no brass ring for third parties. I’ve written on this here: Facebook OS: Be careful what you ask for.
In fact, by now it’s quite obvious that this is Facebook’s way to not only drum up excitement amongst developers but mainly a way to try to find that diamond in the rough product or application that it can then either develop itself, partner up with or outright acquire in the hopes of it becoming what Ad Sense was to Google: a $10B annual revenue stream within 4 years of launch. continue reading...
