posted by Christian

It’s classic at this point: a site blows up within the younger demographics, the hype builds, and then the adults (I begrudgingly admit to being one) come in and crash the party. I’ve been at these parties, figuratively and literally, when the parents come home. The record player scratches to a stop, 75% of the attendees run and the rest stay to try to somehow make the best of a bad situation.

By all standards and measuring sticks, Microsoft did put a $15B bounty on Facebook’s head. But, honestly, I am not buying it. My two cents is that Microsoft paid $240M for the rights to advertise on Facebook for an extended period of time: the 1.6% in this case was FB’s way of placing some more incentive on the deal. But, heck, if one is playing the valuation game, I guess you can’t blame Facebook for going big.

So, here is my theory: a web company hasn’t arrived until the old timers show up. So where’s the party?

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