>None went to engineers and very little went to investors at the IPO price.
Hm. so that money is in the facebook bank account, then? Or somewhere else?
If it does end up in the facebook bank account, that could be almost as good for the boom. It seems that a popular exit is 'getting bought by facebook or google' and I have the impression that google buys mostly to prevent Facebook from doing so.
hm. That /sounds/ like a lot of money, but, like most people, I have no real handle on how much that really is; fifty thousand $200K/year developer years? I don't know if that's enough to support a bubble, but certainly it's a acquisition pool that would make angels, at least, drool. I don't know if that is enough money (considering that they probably won't spend it all in one place) to interest the more serious VC, but eh, it ain't nothin'
Hm. so that money is in the facebook bank account, then? Or somewhere else?
If it does end up in the facebook bank account, that could be almost as good for the boom. It seems that a popular exit is 'getting bought by facebook or google' and I have the impression that google buys mostly to prevent Facebook from doing so.