Yesterday Fred Wilson published a remarkable post about missing Airbnb . VCs miss good startups all the time, but it's extraordinarily rare for one to talk about it publicly till long afterward. So that post is further evidence what a rare bird Fred is.
Rare insights with these emails between investors by Mar 17
My apologies... this is a long piece (~2500 words). Not for the faint of heart. If you want the short story, read the abstract below & 3 core assertions, then cut to the conclusions at the bottom.
LinkedIn went public last week, with investors falling over each other to buy shares at a market cap that now exceeds $9 billion. But it wasn't always so easy for the social network to raise money. LinkedIn employees in 2004 (Hower is 5th from right), upon hitting 500k users By Lee Hower, contributor LinkedIn went public last week. As a shareholder and part of the founding team, I'm obviously pleased with the investor reception it has received.