Finally the sun is shining in San Francisco. In the last few days it has been very cloudy, foggy and dull. But the sun decided to grace us with its presence! Unfortunately the sun also brought lots of wind with it so its not actually very hot! We're planning on going to Napa Valley this weekend so hopefully it will get better (will keep you posted on that)
However the weather isn't a very important discussion. Living in SF and therefore very close to Silicone Valley I would not be able to get away without mention of some very important news. Today is the eve of the Facebook IPO. Tomorrow FB, after much public hype and excitement, will go public. It is set to be the biggest IPO in history where the company is valued at 100 BILLION dollars!!
As a finance and business student we have been discussing often. We are wondering is the company actually worth that amount since its revenue model only generates funds from advertisement and this revenue does not actually add up to 100 billion dollars. Obviously the hype that surrounds the deal is surely having positive effect on how many people are probably queuing up to buy the shares after they are sold on the market. I think the hype is also generated because Mark Zuckerberg is going to be a multi-billionaire at the tender age of 27. He still owns 57% of his own company (which is not always the case when founders bring in outside investment) and yes he still wears jeans and jumper.
I will also be attending a pre Facebook IPO party. So yes all of SF is pretty excited about the Zuckerbergs big day tomorrow.
Whatever happens to shares in the next few weeks and months whether they do live up to the hype of whether it turns out to be another IT bubble, it is great to be in the city that is so close to where this is happening. SF is the city for start-ups, entrepreneurship, technology and venture capital. It could be the relaxed atmosphere of the city that makes people think if you have an idea just get up and do it! Try if and if it fails, try again! You will always learn from your mistakes!
If you need inspiration I suggest you stop looking and buy a one way ticket here . You are bound to think of some fascinating idea or to bump into the next Zuckerberg at your local starbucks.
SF is truly a fascinating city and despite being so busy with projects at the moment, I still feel that part of my motivation comes from the city itself.
However the weather isn't a very important discussion. Living in SF and therefore very close to Silicone Valley I would not be able to get away without mention of some very important news. Today is the eve of the Facebook IPO. Tomorrow FB, after much public hype and excitement, will go public. It is set to be the biggest IPO in history where the company is valued at 100 BILLION dollars!!
As a finance and business student we have been discussing often. We are wondering is the company actually worth that amount since its revenue model only generates funds from advertisement and this revenue does not actually add up to 100 billion dollars. Obviously the hype that surrounds the deal is surely having positive effect on how many people are probably queuing up to buy the shares after they are sold on the market. I think the hype is also generated because Mark Zuckerberg is going to be a multi-billionaire at the tender age of 27. He still owns 57% of his own company (which is not always the case when founders bring in outside investment) and yes he still wears jeans and jumper.
I will also be attending a pre Facebook IPO party. So yes all of SF is pretty excited about the Zuckerbergs big day tomorrow.
Whatever happens to shares in the next few weeks and months whether they do live up to the hype of whether it turns out to be another IT bubble, it is great to be in the city that is so close to where this is happening. SF is the city for start-ups, entrepreneurship, technology and venture capital. It could be the relaxed atmosphere of the city that makes people think if you have an idea just get up and do it! Try if and if it fails, try again! You will always learn from your mistakes!
If you need inspiration I suggest you stop looking and buy a one way ticket here . You are bound to think of some fascinating idea or to bump into the next Zuckerberg at your local starbucks.
SF is truly a fascinating city and despite being so busy with projects at the moment, I still feel that part of my motivation comes from the city itself.
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