I recently read Tony Hsieh's book: Delivering Happiness. In The book, he mentioned that the most important decision a poker player can make is which table to sit down. I really agree with that.
In retrospect, I think Tony didn't pick the best table to play his cards. He mentioned that Zappos made $100 Million in enterprise value annually on average. It translates well in to its $1 Billion sale to Amazon 10 years after it was founded. $100 Million a year seems to be a really big number. But when I look at a few companies in the mobile space, I realize wealth was created much quicker there.
For example, Admob was acquired by Google for $750 Million less than 4 years after it was founded. On average, it created about $200 Million a year. Twice as much as Zappos.
There were a number of exciting news in the past few weeks. Including sFund which target social applications, Google's mobile display business is on the run rate of $1B and Fred Wilson encourages all his companies develop on Android.
I saw the movie The Social Network with a few friends (2 from Google, 1 from Facebook, 1 from EMC) 2 weeks ago. It's a pretty exciting movie for people in technology to watch. Being in silicon valley and watching the movie made me believe that I made the right decision moving here.
In retrospect, I think Tony didn't pick the best table to play his cards. He mentioned that Zappos made $100 Million in enterprise value annually on average. It translates well in to its $1 Billion sale to Amazon 10 years after it was founded. $100 Million a year seems to be a really big number. But when I look at a few companies in the mobile space, I realize wealth was created much quicker there.
For example, Admob was acquired by Google for $750 Million less than 4 years after it was founded. On average, it created about $200 Million a year. Twice as much as Zappos.
After a few months working in the Internet industry, I'm convinced that there're still a lot of money to be made in this industry.
The things I'm willing to bet on are: mobile (location based services, social apps), internet (cloud based apps).
The things I'm willing to bet on are: mobile (location based services, social apps), internet (cloud based apps).
There were a number of exciting news in the past few weeks. Including sFund which target social applications, Google's mobile display business is on the run rate of $1B and Fred Wilson encourages all his companies develop on Android.
I saw the movie The Social Network with a few friends (2 from Google, 1 from Facebook, 1 from EMC) 2 weeks ago. It's a pretty exciting movie for people in technology to watch. Being in silicon valley and watching the movie made me believe that I made the right decision moving here.
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