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- Source type: Blog
- On Teads since: 28/10/2008
- Teads score: 0.377969
- Country: United Kingdom
- Language: English
25/05/2015 - 13:49
In Kevin Martin, former chairman of the Federal Communications Commission under George W Bush, Facebook has just hired a moderate on the all-important issue of network neutrality. One of his first challenges: to prevent a repeat of the backlash seen in India last month against Facebook’s Internet.org, which critics see as a blatant attempt by the social network to colonise the mobile internet.
At a party the other day, one start-up founder told me the secret of Silicon Valley’s sky-high valuations. “I’ve had investors tell me, you can name any valuation you want, we’ll just make up for it in the terms,” he said. His comment points to the fact that in the world of tech start-ups, the word “valuation” means something a bit different than it does for public companies. The favourable terms...