Andreessen Horowitz Sells a Third of its Facebook Shares
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Andreessen Horowitz Sells a Third of its Facebook Shares
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Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#2TLDR
Nothing to interesting, they got in relatively late and are now selling a part to give it back to investors while still keeping the majority of their shares, so this has nothing todo with them not trusting in Facebooks vision any longer.
Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#3[deleted]
Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#4Total value of said sale?
Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#5Total value of said sale?
Andreessen Horowitz owns .25% of facebook. A quick calculation shows that the sales value at yesterday's close is around $100M.
Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#6[deleted]
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Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#7[deleted]
[deleted]
You didn't bring much to the conversation other than a pithy comment about snapchat/facebook. I'm actually more interested in why people are voting up this article - it really seems to be a "nothing to see here" type of article. Big VC invests money in startup and then liquidates some after solid performance. Seems reasonable to me.
Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#8Facebook is about 4x over fair value, so it's a pretty decent sale. It's too bad for the public investors that bought that shit up though. There should probably be a basic financial test that people should have to pass before they get access to a brokerage account. At some of the prices I'm seeing stock clearing, it's obvious that the buyers have not actually read any financial reports.
Something like a basic written comprehension test on a random 10-K filing would efficiently and cheaply filter out those who are, and aren't, qualified to manage their own money. In fact, I'd wager that it'd probably reject a whole bunch of finance/eco/accounting majors as well.
If you don't know your balance sheet, from your income statement, from your FCF, from your capex, then you probably don't have any business buying or selling financial assets. To anyone who says that this is an unfair statement, I have no knowledge of airplane mechanics, and hence, I probably have no business repairing airplanes. The same reasoning applies to investments.
Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#9Good Timing. No data to back what I'm saying, but I don't see FB going up any further. The time spent by me (almost none) and my other non-techie friends has decreased drastically on the website and I still don't see a very effective monetization strategy.
Re: Andreessen Horowitz Sells a Third of its Facebook Shares
#10Facebook is about 4x over fair value, so it's a pretty decent sale. It's too bad for the public investors that bought that shit up though. There should probably be a basic financial test that people should have to pass before they get access to a brokerage account. At some of the prices I'm seeing stock clearing, it's obvious that the buyers have not actually read any financial reports. Something like a basic written…
Bogus analogy. You have no business repairing airplanes because you may endanger lives. People should be free to squander their money in their folly if they so choose. Otherwise outlaw lottery, gambling and horse-racing as well.