Facebook is forthcoming about the challenges of mobile: No revenue currently generated from mobile advertising; unclear how much mobile use could be monetized; failure to solve this puzzle combined with a dramatic shift toward mobile usage could be a serious problem; and they don’t control the iOS and Android platforms. Frankly, if there were one thing that persuaded me not to invest in FB at current valuations, this would be it.
Tag Archive: MySpace
Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million
Valuation caps can shape the fundamentals of an exit, redistribute value among stakeholders, or even kill a deal altogether. Never missing an opportunity for a good war story, I’d like to revisit one high-profile transaction, the $650 million acquisition of MySpace by Fox Interactive Media in 2005.
If You Build It, They Will Abuse It
As a completely made-up statistic, assume that 0.01% of users are sociopaths or predators who cause serious damage to the community and its other members. With 10,000 users, that’s one guy. With a million, it’s a hundred people. With 100 million registered users — the scale at MySpace when I left — it’s ten thousand. That kind of math illustrates why every major consumer Internet company has an abuse team that serves as the first line of defense against all kinds of ugliness.
Martindale-Hubbell Connects Lawyers, and… More Lawyers
Martindale-Hubbell is a legendary name in legal circles, synonymous with legal directories dating back more than 140 years. Long before the Internet existed, a ritual among junior associates at law firms was to pull the weighty leatherbound tome off the shelf, find opposing counsel’s M-H profile and hand out copies to everyone on the deal…
Resources for Early-Stage Entrepreneurs: A Top 10 List
Having recently met with quite a few founders of tech startups, I’ve identified several recurring themes and questions. I thought it would be helpful to pull together a quick list of resources to help new entrepreneurs avoid reinventing the wheel.
25 Years of Social Computing: Game Highlights at Halftime
My goal in publishing Mashtag is to serve as both primary sportscaster and color commentator. As a business lawyer and executive in social media and the broader technology industry, I hope to bring the factual background and analytical tools of the profession to bear to explore some of the most interesting current issues in business, law and public policy.
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