|Sad that "Houston Dads Go |
Back to College" is missing
Now, my evidence is purely anecdotal, but I've been trained that if something sounds too good to be true, that's usually because it is. Whether it is believing that your house will increase 10% a year in value, every year, year in, year out… or, that having a law degree will guarantee you an awesome job once you graduate… or, e-discovery will be a law firm cash cow forever… if something doesn't pass the smell test, it's probably because something is rotting inside it.
I've put the actual ad that popped up on the side of my Facebook page this morning. Usually I get some hipster-looking "Houston Dads Go Back to College" ad, but that was missing this morning. Is there anything listed here that someone would actually click on?? (Granted 61K apparently like that Gout Study!) General Motors has already pulled out of Facebook ads, can the site rely upon "class B" advertisers to keep revenue growing forever?
Don't get me wrong. I am a Facebook fan. I jump on there and update my status almost everyday… sometimes multiple times a day. I know there is significant value in this product, and that having 100 million users makes it a multi-billion dollar product. However, $100 Billion? sniff-sniff… no, I don't think so. However, there seem to be bankers out there and investment brokers that will pump that amount of cash into the company in return for stock with the idea that it will continue to grow at some double-digit amount forever. sniff-sniff… that just doesn't smell right.
According to Facebook IPO math, we should go public with this blog and Toby, Lisa and I could split the $250K ($100 x 2500 RSS feed subscribers.) It wouldn't be enough to retire, but we could bank-roll the 3 Geeks Bar & Grill that I've always wanted to open. This would lead to Toby and I having our