Where’s the exit?
May 26, 2009
The big news today is bound to center around Facebook (which just raised $200M, at a $10 billion valuation). That is — despite the huge valuation — a drop from the prior, $15 billion valuation that Microsoft gave the firm back in October of 2007. My only question: how the heck do you earn a return on that kind of investment if Facebook is ALREADY being valued at $10 billion?
