But we settle in for another winter. The best companies — Airbnb, Dropbox, Evernote, Spotify, and of course Twitter — are trapped with $1 billion-plus valuations. In some cases, the valuations are for multiple billions. What yielded a bragging press release at the time is now looking like a gilded trap: They have to go public, do a down round, or sell for a smaller price and largely be viewed as a failure. And that means — as Libin hinted last week — it may be in for another eight years before we see some mega-cap consumer Web exits.

Sarah Lacy, That was quick: After a brief flirtation, top entrepreneurs are back to hating IPOs

As I said at the time of the Microsoft acquisition, this is probably why Yammer was purchased instead of IPOing. Could they have gotten (and maintained) a $1.5B market cap, in this market?

Source: pandodaily.com

14 November 2012 41
ipospublic marketsquotationssarah lacyyammermicrosoft

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Web anthropologist, futurist, author. My focus is the future, and the tectonic forces pushing business, media, and society into an unclear and accelerating future. (More.)

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Socialogy

  • Brian Solis | Brian and I debunk big data, and Brian makes the case for empathy.

  • Deb Lavoy | Deb is dubious about management's inclinations, and says, 'Just because you are networked doesn’t mean it necessarily helps you understand, or realize your needs more effectively.'

  • John Hagel | John offers up some great insights, like the fact that passion is lower the larger that businesses get.

  • Euan Semple | A chat with my old pal, and the author of Organizations Don't Tweet, People Do

  • Will McInnes | The author of Culture Shock and managing director of Nixon/McInnes

  • Jennifer Magnolfi | An interview with the woman who said, 'Work is not a place you go, it's a thing you do'.

    • Hot Now

  • What Drives Us? | A draft chapter of my book, discussing motivations, Maslow's hierarchy, and fluidarity.

  • Socialogy: Interview With John Hagel | I Speak with Joh Hagel about the innovation at the edge.

  • Complex organisation arises from webs of interaction among causal factors | So, it turns out that DNA is, in fact, a great metaphor for business culture, but only after you realize that DNA is not a few hundred off-on switches, but instead a universe of unknowable complexities, that we can interact with, and understand at some abstract cartoonish level, but not control, and never fully comprehend.

  • Bitcoin May Be the Global Economy’s Last Safe Haven | Paul Ford

  • Innovators Get Better With Age | Companies make a mistake by relying too much on the innoations of the young, because Nobel laureats don't come into their prime until their 50s.

    • Oldie

  • Infodemics | 2009 | Passing incomplete or inaccurate information about some risk event can make people take actions that increase the damage of the event itself.

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