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"Don't let perf…

11 years ago Author By cumeadi

“Don’t let perfect be the enemy of the good.”

Voltaire, Aristotle and Confucius all said this in some way and its rang true so much in the start-up world. If you wait for the perfect opportunity, you’ll be waiting forever. I would rather act on a good idea than postulate on the perfect idea.

Technology

Twitter IPO

11 years ago Author By cumeadi

images twitter

Twitter opened today at $49 a share this morning on the NYSE. While it still holds true that 60% of IPO’s are overvalued, the betting man in me hopes that Twitter is in the 40%. The rational side thinks that $49 is a long way to fall and hope to short soon. Why do I think that you ask? Here are three reasons:

  1. Tech companies are historically overrated
  2. Revenue is king and ads will only go so far
  3. Twitter handled PR around IPO very well (too well)

In the short-term, not a good buy. Twitter has a lot of long term potential if it finds more revenue streams and expands its user base.