Smilin' Bob's Cafe of Thought

Why facebook will be a 7 trillion dollar company

January 10, 2011 – 11:48 pm

Because a loaf of bread will cost $389.

You see, everything is relative.  Except the truth…which is where the hippies go wrong.

I understand that you see things as they currently are.  Even worse, you predict the future according to the paradigm that currently is.  That’s why you clicked on my stupid title to this post.  Well, that and some lottery dream of starting an application that tricks itself into becoming a business of a generation.

It’s why when some loon with a pistol in Arizona plays Billy the kid, it’s the fault of a lady from Alaska.

Of course some of you are regular andyswan.com readers.  Also known as winners.  The previous statements don’t apply to you.  You view the world through a lens that allows for both economic/technological progression as well as the reason and logic restricted to the reality of defined truth.

And what is that truth?  What is that logic?

The truth is, 97% of VC funded companies in the tech space right now are nothing more than applications.   It’s so bad, I’m in serious discussions to start a fund that backs nothing but copycats.

The logic is….this ends well.  You see, markets always end well.  There are painful periods, of course.  Secretaries that think they had a million bucks in stock and then go on Oprah to cry when they figure out they merely made $250k in 4 years with the firm.

But that’s short term fail thinking.  In the long term, even when supposed bubbles burst, winners win.  Look at Amazon.  Look at Google.  Look at Priceline, Netflix, Apple, etc.   Value and wealth created through excellence.   It ends well for the winners, bad for the losers.   The same could be said for a night of bourbon.

So, I challenge you to think beyond the bubble.  Build your BUSINESS on revenues.  Challenge yourself to build solutions that the customer is willing to pay for…..rather than the application that joe trust-fund from the valley is willing to invest in.

You WILL benefit if you do so.

Embrace the burst.

Win.

My son recently told me that Tumblr had recently fallen into the realm of places where people with nothing to say re-post the thoughts of other people with nothing to say. I am proud to say that even though I might not have much to say I can certainly post thoughts of people who do... have a lot to say.