If you missed it, be sure to check out Howard Lindzon’s epic rant calling for new confidence, social leverage, entrepreneurial fire and a Twitter IPO.
On the IPO:
Who cares that Twitter is not making money. Now is the perfect time for their IPO. At a time when ‘Too Big to Fail’ is the myth, Twitter is just the right size for an IPO. It’s ‘Too Small to Fail’ as an IPO and public company. It has something more important than profits for the moment, believe it or not….demand and a clean balance sheet.
All you ‘knucklehead ANALysts’ are thinking ‘…but Twitter has no assets’. I say I would like to block you from this blog. I think Donald ‘hairpiece’ Trump had assets, Las Vegas Sands had ‘em too. A large black hole of capital – Sirius Satellite Radio – did as well. They used those assets to transfer capital from you to them. Once upon a time before ‘Asshat’ Ken Lewis was born into the banking world, Bank of America had assets. Lot’s of good that has done us.
On Social Leverage:
It’s time to make up some new rules and lead by example once again. In the end, confidence comes from trust. There are millions of good people on the social nets who have built up unprecedented levels of trust and although each of them may never MONETIZE the new found trust and responsibility, he/she can use it to lead in different ways. Healthier ways.
Trust and confidence are not built overnight, but there are thousands of smart people in the public world of finance and Venture Capital on the blogosphere and social nets to pick this country up itself and just MOVE FORWARD.
Thought provoking. This call to action will take some time to mull over.
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