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you look at a guy like Evan Williams who could have very easily built Twitter without all that investment and you looked at him you know he had $4.3 billion under his face the morning he got the you know IPO at on Twitter but you know but so sadly um here's a company that makes $2 billion a year that's being considered an object failure because their debt structure doesn't accommodate that right whereas if they had understood oh there's another way to go about this we could build this company in
we're expecting Facebook and Google and Twitter and all these companies and these giant valuations to depend on data and it's just um that's not the ultimate exit strategy
it's the same sort of strategy that a Walmart will take where you go into a neighborhood undercut everybody become the sole employer and drain the money out
what if the drivers of uber own 50% of the company then yes they're doing R&D for the robotic cars that will replace them but now they own that company
so when Amazon picked the book industry you know it's not because they love books it's because as you well know the book industry is just a non growth-based inefficient plotting along industry so you can very easily take over one like that with the kinds of efficiencies and if you have a war chest you know it's the same it's the same sort of strategy that a Walmart will take where you go into a neighborhood undercut everybody become the sole employer and drain the money out
you look at a guy like Evan Williams who could have very easily built Twitter without all that investment and you looked at him you know he had $4.3 billion under his face the morning he got the you know IPO at on Twitter but you know but so sadly um here's a company that makes $2 billion a year that's being considered an object failure because their debt structure doesn't accommodate that right
I write this oped saying it means the Boom is going to be the bust it means Steve case is cashing in his chips to buy something real the whole thing's over this is this is it
when Eric Schmidt went to Google those of us who observe these things knew okay this means it's going to be open to the NSA here's a top security clearance guy with all this stuff we understood the bargain you know the bargain that was being made there you know in terms of surveillance
they're not even Google they're alphabet so they're not even a technology company but they're a holding company
the company was pursuing growth for growth sake rather than its original Mission of enabling the bottomup people driven Revolution
Google's growth is not translating into Prosperity on the ground
we're expecting Facebook and Google and Twitter and all these companies and these giant valuations to depend on data and it's just um that's not the ultimate exit strategy