To monitor Facebook’s IPO realtime, check this out. (Facebook stock is now trading under the ticker symbol FB.)
Will Facebook‘s new millionaires be Palo Alto’s latest Unpretentious Pretentious? Check out the NYTimes article:
“The message here is, ‘Keep shipping product,’ ” said a Facebook executive who requested anonymity while discussing internal matters. “If someone buys a fancy car and posts a picture of it, they get ridiculed and berated.”
Bill Gurley, a venture capitalist in Menlo Park, tells what happened when he began working as a Wall Street analyst in Manhattan in 1993, fresh out of business school. A colleague turned his tie over to check the label. “My first day at work,” Mr. Gurley recalled, “I was told to replace all my ties with Hermès and never to wear brown shoes again.”