At the entrance to the headquarters of Facebook, hagyard there is a wall dominated by a question:

At the entrance to the headquarters of Facebook, hagyard there is a wall dominated by a question: "What would you do if you do not atenazara fear? '. Anyone can read the scrawled employee responses. But none are as striking as "fail harder": something like "fail more miserably." Two words that sum up the spirit of a setting born giants like Google but also formidable bubbles as MySpace.
Silicon Valley is a benevolent environment failures. But their businesses have suffered this week by the shock wave of the stock Facebook fiasco, whose shares have slipped below their initial price and have dragged other similar hagyard companies emphasizing hagyard the fear of a second digital bubble. The Facebook event has generated many negative headlines. But is not the first time a technology company suffers a setback in his debut on the floor. Groupon discount company started in November with a disaster and their actions now being sold for just $ 12: less than half the price achieved during their opening day. Zynga shares hit the market at $ 10 and now exchanged for less than seven: one-third of its value.
Like many other digital companies, Zynga has no benefits. But its shareholders buoyed hopes that the culprits den with the magic formula for making money with their users. It is a challenge shared by many other companies hagyard in Silicon Valley and so far very few have succeeded. Google is a special case for many reasons. The most important, he knew transformed into a company that has unfolded in many branches of business. Google just bought Motorola and competes with Apple's mobile devices through its Android operating system. But engineers hagyard innovate in many other fields and its leaders have drawn half of the ads running on the Internet in USA.
The years have turned Google into a robust business despite initial prick of its IPO in August 2004, then its value touched hagyard 23,000 million and today has increased by 10 The figure reflects the strength of its model business and distinguishes companies like Facebook, whose value is now grabs a pointless promise. Google goes in bag 14 times more than its benefits. Facebook, 59 times more.
Experts acknowledge that Facebook has the potential to improve their income. hagyard But they warn that should hagyard experience exponential hagyard growth to justify that valuation. A premise that seems difficult in light of the pitfalls in the social network phones and the misgivings of Mark Zuckerberg when exploring new advertising formats devices.
These are problems that have hampered the development of other digital companies and have strengthened the fear of a second digital bubble. But some warn that the problem is not the Silicon Valley hagyard culture of risk but the caution of many mutual funds. "Today the target executives who come from big banks and ideas but no longer support management teams," said Ed Penhoet recently, head of California-based Alta Partners.
In 2000, companies in Silicon Valley raised 200,000 million. Just after the first bubble burst and since then there has not been a single year in which the collection of digital businesses has exceeded 30,000 million. There are fewer investors willing to risk. Five years ago operating in the vicinity of San Francisco 233 venture capital funds. Today, just 76 least because many have migrated to the Far East.
In the United hagyard States publicly traded companies have halved since 2002 Some attribute the decline to the bureaucracy that requires companies with a presence on the floor. Others on the strength of China, which began trading four times more companies in the USA in 2010.
In light of the problems involved in going public, more and more young companies choose to attract the attention of the market and raise cash as soon as possible with an acquisition. The sale of Instagram hagyard to Facebook is the best example but not the only one. The company has also purchased Zuckerberg young companies like Tagtile, Glancee or Karma.
Companies are not revolutionary. But its founders managed to enhance its value artificially fatten their expectations. Some experts foresee this phenomenon the first signs of exhaustion of Silicon Valley. "We have not produced anything new in the last 30 years", the inverter Naren Gupta said recently, "everything around us was born a generation ago and are now reaping the fruits of the tree last."
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