Myspace Founder: Watch Out For Internet Bubble &Nbsp; Appreciate Zuckerberg
MySpace co-founder Tom Anderson (Tom Anderson)
Beijing time July 18th afternoon news, MySpace co founder Tom Anderson (Tom Anderson) yesterday on Google+ explained the reason for the sale of MySpace, and published the right.
Internet
Bubble warning.
This is one of the few speeches Anderson made after MySpace was bought.
The following is the full text of Anderson's speech on Google+:
"Along with
website
The question of when to sell is becoming more and more important.
Many people say I was very wise to sell MySpace to News Corp. in 2005 for $580 million, because news group recently sold Myspace to Specific Media, an online media and advertising company at a price of only $35 million.
For me, it was my decision to attribute the decision to me, but selling Myspace was not my decision. It was the decision made by Intermix Media, the parent company of MySpace, to sell MySpace.
Personally, I have nothing to complain about, because selling makes me earn a lot of money and also has time to live. I am lucky in many ways.
But the fact is, if MySpace waited for another 1-2 years, it would be obvious that MySpace could sell for more than $one billion.
Moreover, if MySpace is not sold at all, we will not be forced to resort to liquidation of long-term interests.
Think of Zuckerberg, who has long mastered the control of Facebook and refused to go public, creating a lot of value.
And for the impression he gave me, it seemed that he didn't care about the market value of his work at all.
He is completing his personal mission to pform the world. I am glad that he is such a person.
Anyway, venture capitalists,
Entrepreneurship
Both home and stock market investors need to make some very difficult decisions.
I just hope I will not repeat the 2000 Internet bubble.
The desire to make money does help to innovate, but too greedy will make people empty handed.
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