Keynote by Lee Lorenzen
Microsoft’s recent purchase of a 1.6% stake in Facebook for $240 million set off a wave of skepticism and debate in the technology community. Most people said that a $15 billion valuation for a company that brings in little more than $30 million a year in profits was astronomical.
Lee Lorenzen thinks differently, and some people are starting to agree with him. He contends that based on where they’re going, Facebook is actually worth $100 billion. In this session, we’ll hear what Lee sees for the future of Facebook and why he thinks Microsoft got a screaming deal.
After the jump, a video of Lee advising Facebook CEO Mark Zuckerberg about valuation…
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Jafar 12.04.07 at 10:06 pm
Nice post and video to go along with it.
