Just heard from TechCrunch's Arrington that Facebook rejected a 200 million dollars round of investment, which would make Facebook theoretically an "8 billion dollars company". The reason why they rejected it is simply because the investors wanted one of the 5-seat board of directors out of which 3 are occupied by Mark Zuck himself.
It sounds relatively funny, let us say, since last week Facebook was raising money, approximately 150 million in order to buy employee stock, 15 million common shares at $10 each. They are hoping FB will go public in the next 24 months, which will be somewhat amazing. I mean, this is what I'd call the beginning of a revolutionary process inside the revolution itself, the internet revolution. The IPO of a social networking engine. Some sources say that FB, however, needs to find a growing revenue stream to match its growing userbase, but, in my opinion, they might do what Google did and come out of nowhere with amazing numbers. The strategy is simple, effective and has worked before. Microsoft and Yahoo! wished they had known the truth... how sad. Inasmuch as the company is private, all we can do is speculate, no matter how many numbers or trusted sources one might have. I still remember big ballers saying that Google didn't have any revenue stream in 2003. I was 13 years-old, I think. Heh... let us do the math, do the math, people.
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