Sarah Lacy is currently working on TechCrunch senior editor. It is also a prize-winning journalist and author of two books of critically acclaimed, "once you're lucky, twice you're good: the rebirth of Silicon Valley and the rise of Web 2.0" (Gotham books, April 2008) and "a brilliant, Crazy, cheeky: how the top 1% of entrepreneurs profit from global chaos. ? Read More
A few weeks ago I met with Peter Thiel and that pesky question of whether we in a bubble or not came up. During the discussion, both sides will get bored with, Til suggested, I have not heard: IPO, LinkedIn is not some point Netscape, opened markets for everyone else. In fact, he said, it was vice versa.
LinkedIn has shown that you can have strong IPOs and get insanely high p/e, if you're a 10-year-old, profitable company, earnings growth of more than 100% per year, which can command $ 5 billion-plus valuation. He argued that is what the market wants right now and these companies lack.
More specifically, those kinds of IPOS could not be further from the historic playbook Silicon Valley. Most of the big tech companies went public on the evaluations of well under $ 1 billion and was their biggest innovations after their prices. LinkedIn in the IPO is not a harbinger of good ol' days. Rather, it showed how dramatically different relationship between Wall Street and in the Valley of the river has become since the last days of good ol'.
In our last segment with LinkedIn CEO Jeff Weiner I asked his opinion about his company just made Silicon Valley: open markets or close them all except the big five or so private giants? We also speak of such an assessment. It is not whether the company was actually worth $ 10 billion, but he shares his thoughts on the use of — let's just say the price earnings ratio generous as currency for more acquisitions.
I started asking what he learned from his time as a Senior Executive of Yahoo is clearly not the Valley Darling for some end, prepare it for their new responsibilities, Wall Street, the CEO of LinkedIn. (For the first segment in the LinkedIn come here for the second segment on the growth of its users and the experience of Weiner in IPO media fire go here.)
Jeff Weiner is the CEO of LinkedIn, where he started in December 2008, the interim President. He arrived in LinkedIn with positions as the Executive residence for leading enterprises.
Read MoreWith more than 100 million users, representing more than 200 countries around the world, LinkedIn is the fastest growing professional networking site that allows members to create business contacts, search for jobs ...
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