Atul Patel’s Blog

I was chatting with my father today and he’s been watching the news about Microsoft’s $240M (1.6%) stake in Facebook. My father has taught me a lot, and he is well in-tuned with the big businesses he invests in, among them Costco, Best Buy, Boeing, and, important to this news, Microsoft. He’s had a taste of social networking. My brother had worked at eUniverse where MySpace was initially incubated. A few weeks ago, he saw my LinkedIn blog badge and asked, if he should create a profile — which would read: Arun Patel, Boeing and Rockwell, 20 years. I figured, there’s probably no point.

The discussion is a perfect example of how things are moving at such a rapid pace, and I’ll admit that even at my age I’m loosing track. We see the hype in our little world, while others don’t even know what it is! There is a good article to read on the effects of Moore’s Law, The Law of Accelerating Returns.

(16:26:26) arunpatel: Microsoft to take $240 million stake in Facebook
(16:26:37) Atul Patel: yup
(16:26:40) Atul Patel: $15B valuation
(16:26:47) Atul Patel: 4-year-old company
(16:26:51) Atul Patel: 23-year-old CEO
(16:27:00) arunpatel: was that eUniverse
(16:27:15) Atul Patel: no, eUniverse was myspace
(16:27:43) arunpatel: what is Facebook?

This is very telling about Facebook’s (over)valuation of $15B.

This entry was posted on Wednesday, October 24th, 2007 at 4:39 pm and is filed under Family, Internet, Social Media, Startups, Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.