Showing posts with label Nasdaq. Show all posts
Showing posts with label Nasdaq. Show all posts

Friday, July 27, 2012

Facebook At $25: This Is Not A Glitch

Image representing Facebook as depicted in Cru...
Image via CrunchBase
Despite hitting its earning projections, Facebook stock falls to a new low at $25
UPDATE: Currently, the stock sits at $24.43, down 9% in after hours trading.
LinkedIn's earnings have doubled every quarter since it went IPO, and so its lofty valuation has held ground. Facebook's IPO was a nosedive, and part of it was blamed on some kind of a technical glitch, but that could not have been the full story.

For the size of its user base Facebook has lukewarm revenues, and there are no plans/signs of robust growth there. The revenue trajectory feels like a plateau, and hence the hammering.

This is what I said on May 23.

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Friday, October 15, 2010

What Do You Want To Be When You Grow Up?

Image representing Etsy as depicted in CrunchBaseImage via CrunchBase

I am in my 30s. Isn't it a little too late to be asking that question? I take solace in the fact that we live in an era when people will have a few different careers before they retire and go ahead and die. That would be fine except I seem to be having a few different careers at the same time, in parallel: no complaints. I have tried to learn positivity from my man Obama.

Finally I might have found it: a for profit micro finance startup with IPO ambitions. (Microfinance: The Next Big Thing?) And the fact that I am about a year away from my green card feels like no hindrance at all. I will just get someone else to incorporate the company. The conversation is in full swing, the work is on.

Google Car, Google Monorail
Physically Aware Internet
Solar Panels To Roll Out
To Natural User Interface
Offshoring The Wind Harvesting: Google Wind
Etsy, GroupOn, Zynga
Becoming Whole With The Mobile Web
NEW YORK - SEPTEMBER 26:  Microfinance pioneer...Image by Getty Images via @daylife
Before this I have been emailing my 12 line resume - in text format, my machine does not have Microsoft Office on it - to all sorts of people on Craig's List. For the longest time I did not even send cover letters. What is that? The thing is I have never had a job. Don't ask how that came to be, but that is the fact. Then I started sending cover letters, the same standard, half hearted cover letters where I was calling all sorts of jobs my "dream job." The truth is there is no dream job out there. My dream job necessarily has to be self created.

Then I have thought of tech consulting and social media consulting. (An Online Social Media Instructor, Not Your Usual Yoga Guru)
NASDAQImage via WikipediaThere are more than a dozen coders in India on stand by for me as we speak. I find them projects, they get working, I pay them their hourly rate, take my cut, and we all end up happy: that has been the idea. (Becoming Whole With The Mobile Web)

I just talked to the guy in Kerala last night, and to the dude in Pittsburgh today.

I was going to doodle along for a year like that, doing a few things, but not really doing much, learn some Scala along the way, (Al Wenger Wants To Learn Scala) and get into the mobile web upon getting my green card. I have a mobile app in mind that would grow from the small screen to the big screen.


I have had people ask me if I might have run for president if I had been born in the US. First of all, people, I am utmost flattered. But that question is too theoretical. That is like asking what would life be like if earth had moon's kind of gravity. The mental exercise is not worth it. Microfinance fascinates me, the affordable housing issue in NYC does not.
Groupon logo.Image via WikipediaThere are a few things I wanted to do in tech, but then I will keep my serial entrepreneur options open, and perhaps I will get to invest in ideas that I might not get to bring to fruition myself.

Large scale group dynamics is my thing. I am really, really good at it. (Iran) Even when I have expressed Nasdaq headed tech company ambitions, I have thought more in terms having money to pour into microfinance, and less in terms of private jets. But why take that long route? Why not go straight into microfinance? There is no limit to how much money you can raise if you do it right. This is potentially a market in the trillions of dollars.

But make no mistake, the tech part of this startup is central to what it is going to be. This is first and foremost a tech startup. The concept feels like having your cake and eating it too.

This is one brave new century.

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