LNKD
Total U.S. Internet ad revenues hit $7.3 billion in Q1 2011, a 23 percent increase from last year, seemingly providing more evidence that the tech sector is in a bubble. After all, what kind of industry could possibly sustain 23 percent growth over t... Read the rest of this entry »
PayPal founder and early LinkedIn and Facebook investor Peter Thiel agrees with our assessment:
The Wall Street banks that took LinkedIn (LNKD) public drastically underpriced the IPO, screwing the company and its selling shareholders out of ~$200 mil... Read the rest of this entry »
Sean Parker was just on a panel at eG8 Forum where he said a bunch of very interesting about entrepreneurship and the future of music.
But the last question the moderator asked was, of course, about The Social Network where Parker is portrayed ... Read the rest of this entry »
Shares of Russian search engine Yandex are up about 35% from its $25 IPO pricing last night. That's a healthy pop, though not nearly the 100%+ pop seen in the first day of LinkedIn trading -- trading that had everyone screaming BUBBLE.
What's more, t... Read the rest of this entry »
Yandex, the "Google of Russia", is going public and is pricing its stock above range at $25 million. The IPO is selling $1.3 billion of stock, with $920 million going to shareholders' pockets.
Clearly, investor appetite for high growth internet... Read the rest of this entry »
Forty-plus weeks traveling the emerging world has taught me many things. Chief among them is that most entrepreneurs outside Silicon Valley learn the wrong lessons looking in.
A lot of that is the fault of publications like TechCrunch: We get excited a... Read the rest of this entry »
When Reid Hoffman left PayPal, he considered a number of startup ideas.
Chris Saccheri and Lee Hower, LinkedIn founding members who made bank yesterday when the company went public, wrote about other ideas Hoffman was kicking around on Quora:
"The only... Read the rest of this entry »
LinkedIn's blockbuster IPO has triggered a predictable reaction: Howls of outrage that the valuation is obviously "insane" and that we're right back in a tech bubble again.
Leaving aside the broader bubble question (which I've addressed here), is the f... Read the rest of this entry »
The following is written by an institutional investor who bought LinkedIn's stock (LNKD) on the IPO and is hanging on to the shares. The investor is not buying more stock at ~$100 a share, and not recommending that anyone else buy it at this level.
Th... Read the rest of this entry »
With all this talk about definitive proof of a tech bubble because LinkedIn had a strong IPO, we just present you this short NYT article from 2004:
After a series of missteps, Google finally pulled off its much-hyped initial public offering yesterday. ... Read the rest of this entry »