Three Headwinds for Facebook's IPO
Harvard Business Review
MAY 15, 2012
Less than three years ago, Facebook was valued at just 10B by Yuri Milner's Digital Sky Technologies. For every 10 investments, a good firm may have one defining investment, returning hundreds of percent in IRR. I am not pessimistic about Facebook's future. I have used the social network for eight years and continue to be impressed with Mark Zuckerberg's focus on product and his vision for the internet.