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This is spin. They cut the amount going into these companies as a way of reducing risk. Dovetails precisely with what Fred Wilson said yesterday.
1 year, 10 months ago on Y Combinator’s new model wants to help “ugly ducklings”
I do not view Foursquare as a local search engine. That is a big stretch. Or, to be perfectly candid, complete nonsense. It's still the tool people use to check into Snowstorms and their own pants. Cannot stand people that push Foursquare to Twitter. It is the worst crap in my stream everyday.
2 years ago on How Foursquare plans to monetize: no dumb banners, all specific targeting
Based on all the horrendous examples of products not launching on time and people never getting their products you have to be insane to invest on Kickstarter anymore. #fail#fail#fail
2 years ago on Brainworth Takes to Kickstarter to Fund Video Game-Based Higher Education
2 years ago on Three Tips For a New Wave of Ed-Tech Entrepreneurs
Wall Street doesn't like Facebook because Facebook wasn't EVER worth $100B. Ever. End of Story.
Facebook is doing everything it can to monetize their power. Just ask Zynga about that.
It's hard for Pando to write objectively about Facebook because you all are so compromised and so buzzy that you completely lack objectivity.
2 years, 1 month ago on Why Silicon Valley and Wall Street See Facebook So Differently
Temporary set back? Peter Thiel sold 80% of his PERSONAL stock. The most sophisticated public company investor in the valley. He doesn't concur with your warp, buzzy view. Sorry:(
oh my - hey Yahoo, go buy something BIG. You lose credibility when you mention tiny services like "purveyors" of fake content, Buzzfeed.
2 years, 1 month ago on With $4.5B to Spend, Marissa Mayer Should Forget the Small Deals and Find a PayPal or a YouTube
Kickstarter is a fad. Hugely risky, no consumer protections. None.
2 years, 1 month ago on Kickstarter Has Handled the First Part of the Hype Cycle Admirably. Now Comes the Tricky Part.
It's turning already. Current meme is that crowd funding is high risk.
@LDrogen I think Sarah is right about Millenials needing their trophy. I thinking unqualified founders are getting funded, sucking up tech talent, knowing in their hearts that they are shooting for an acq-hire. Let's be real, most ideas today are too small to turn into big companies, even if executed flawlessly.
2 years, 1 month ago on The Acqui-hire Scourge: Whatever Happened to Failure in Silicon Valley?
@mattmireles I agree that some real entrepreneurs fail and get acquired, but the pipes are filled with people who think being an entrepreneur is like selecting a certain college course or checking a box on a job application. As you know Matt, it is something much bigger.
I have respect for real entrepreneurs, real risk takers.
To all the pathetic start-ups being "acq-hired":
You're not saving your reputation. It's still a #fail in 99% of the cases. Don't act like you've accomplished something, because all you've really done is soak up engineering talent from people that can better use them.
Groupon, Zynga and Facebook have all been destroyed by public markets. No amount of hype by Sarah is going to change things.
2 years, 2 months ago on Groupon Shares Taking a Beating | PandoDaily
Earth to PandoDaily. This is it? This is a major story, I'd argue the most important story, in years. You all make it sound like a minor event. Facebook is melting.
2 years, 2 months ago on Facebook Stock Dips Below $20 For the First Time
Now that the company is in a near meltdown morale must be horrible, good time to leave.
2 years, 2 months ago on Facebook Platform Executive Leaves Company
Facebook crashes again and Marc Pincus and crew get sued for insider trading, but the blog of record ignores THE HERD OF ELEPHANT IN THE ROOM?
2 years, 2 months ago on BizeeBee Adds Payments, But The Transaction Fee May Sting
@Goyabadoo I'm not going to get personal. I'm just trying to explain that the glitch was the public narrative that MS and Nasdaq let persist because demand wasn't there. MS bought a ton of the stock; just wait until we all find out that it was in the billions of dollars. Ouch, that was some special ipo for sure.
2 years, 2 months ago on Facebook Doesn’t Need a New CEO, Reuters Needs a New Technology Writer
@mcarney @Goyabadoo Oh you think that's actually true? Guarantee Zuck had a lot to say about price. Also guarantee he had a bunch of say around their price per share for ipo. He also controlled the number of shares to be sold.
@mcarney @TheTrade007 @sarahcuda fb raised price days before IPO. That was a disasterous decision. Write article about that awful decision.
@cedichou The glitch is the spin. It is not why the fb ipo crashed days after going public. The truth is far worse: lack of demand. The glitches occurred and got used as the narrative because the world wasn't allowed to know that fb was being rejected.
She appears to make herself part of the story instead of seeing this story for what it is and what it is doing to the start-up world.
@Goyabadoo you are dead right. As CEO you don't allow an unrealistic valuation to define your public debut. This is exactly what happened and the markets are puking all over fb at a time when they should be flying high. People behind the scenes in valley know the truth. This ipo has been a debacle - because of VALUATION, not Nasdaq glitches. Take what Sarah says with grain of salt until she can come to terms with the truth and do some real digging.
Ahem...I know you like to keep repeating the "Nasdaq" glitch thingy, but...
I guess no one told you the truth about the IPO? That there wasn't the demand to support the price? That there were a bunch of cancellations the day of the IPO? That the FB CFO made a huge mistake by increasing the allocation? That the Nasdaq fell on their sword because the truth would have crashed the valley?
See, some of us know what really happened. Hearing you repeat the spin is hard to swallow. Dig in and find the truth. The company has been destroyed by public investors. Still got some glitch?