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Nathan · 01-15-2011, 01:38 AM

SecondMarket is hardly a trading platform for those shares. They are sold auction style. They are selling them in chunks of 25000 or more at one time. They set a minimum price each auction. And the eval is based on the company having 2.5 billion shares. SecondMarket only sold 2.7 million shares though!

This also means the company would need to make a profit of over 3 billion USD (profit!) per year in order to land anywhere close to a standard mainstream big-company evaluation of 20 or so years.

And you tell me, should a social network be valued at 20+ years?! As if nothing new will come up in that time in such a closed section of the net.

01-15-2011, 01:38 AM
Nathan Confirmed User Industry Role: Join Date: Jul 2003 Posts: 3,108	SecondMarket is hardly a trading platform for those shares. They are sold auction style. They are selling them in chunks of 25000 or more at one time. They set a minimum price each auction. And the eval is based on the company having 2.5 billion shares. SecondMarket only sold 2.7 million shares though! This also means the company would need to make a profit of over 3 billion USD (profit!) per year in order to land anywhere close to a standard mainstream big-company evaluation of 20 or so years. And you tell me, should a social network be valued at 20+ years?! As if nothing new will come up in that time in such a closed section of the net. __________________ "Think about it a little more and you'll agree with me, because you're smart and I'm right." - Charlie Munger