Web 2.0’s Long Road to IPOs – BusinessWeek
LinkedIn is hewing closely to the Web economy’s new motto on initial public offerings: Easy does it. Founded in 2003, LinkedIn may not sell shares until some time next year. Likewise, social networking site Facebook, worth $15 billion on paper, may not go public until 2010, a company board member says. People close to Facebook previously suggested an IPO could come as soon as 2009.
Mark Zuckerberg – Forbes – Net Worth: $1.5 billion
I’m impressed with how Mark Zuckerberg is dealing with the explosive growth of Facebook. I can certainly understand how attached he is to his company, but does he really think that Facebook will still be valued at near $15 billion? As much as I’d want to grow my company and as much as I don’t want to sell out, I don’t think that I’d be able to turn down any amount that can be expressed in terms of billions. I wish him the best of luck and I hope that he doesn’t end up with another piece of worthless bubbledom.
