Inside the mind of Marc Andreessen
Facebook today is worth around $120 billion. So the market value of Facebook in the last two years has swung between about $40 billion and $120 billion, so maybe average it out to $80 billion. My point is Facebook actually sold the company. They actually sold the company to Yahoo (YHOO) in 2008 for $1 billion. But a very lucky thing happened, which was the financial crisis, and Yahoo reduced the offer by $200 million. And Facebook walked. It was literally how to lose. It’s like a horror story: how to lose $119 billion in five years.
November 27th, 2013