Facebook Road Show Next Week

Well kids, the moment we've all sorta been waiting for is upon us. The Facebook road show (such as it is) begins next week. Trading in private Facebook shares in the secondary market is being suspended tomorrow.

The road show isn't going to be much of a "road show", however. It seems Zuck and the crew are too busy to cruise cross-country John Madden style and go office to office pitching their IPO. Instead, they've recorded a road show video that is set to broadcast next week. So all of you syndicate members who were looking forward to a stack of Domino's pizzas being delivered before meeting Zuck face-to-face are shit out of luck.

It's kind of a shame, really. Road shows were always a pleasant distraction in our office. Even if the deal was shit (hell, especially if the deal was shit) the CEO was always good for buying us lunch before explaining how his shitty biotech was going to use our IPO money to move out of his guest bathroom. Now I guess they just don't press the flesh anymore.

Anyway, we're looking at Facebook coming real soon. As in, probably 10 days or less from now. So all of our speculation about how high a valuation they managed to hornswoggle will soon be answered. I for one am looking forward to it. We can all honestly say that it's the most hyped deal of the 21st Century (so far).

Anyone wanna get a pool going on the exact IPO date?

 

King, I actually think their timing couldn't be better right now. The market seems bound and determined to go higher, and breaking the 13,000 threshold on the Dow has people in a buying mood. This thing could really rip. That said, I expect its initial valuation to be completely absurd.

I expect to see some serious razzle dazzle in that road show video, too. Like Hollywood studio production value. Imagine aftermarket buying on day one if that thing goes viral on YouTube.

 

BUY GSVC!!!!!!!!!!!!!!!!!!!!!!!!!

Global Silicon Valley Capital is closed end fund that owns shares of privately held internet retailers, tech, cloud computing, and social media companies. (Facebook, Twitter, Chegg, Bloom Energy...)

http://gsvcap.com/

Buy this if u cant get access to facebook ipo!

 
jeffsmonte:
BUY GSVC!!!!!!!!!!!!!!!!!!!!!!!!!

Global Silicon Valley Capital is closed end fund that owns shares of privately held internet retailers, tech, cloud computing, and social media companies. (Facebook, Twitter, Chegg, Bloom Energy...)

http://gsvcap.com/

Buy this if u cant get access to facebook ipo!

Are there any other reasons why you like them other than the fact that they own FB shares? By the way, their FB investment as a percentage of NAV was 14.63%, and most of their investments I've never even heard of before with the exception of Twitter and Chegg.

 

Successful nerds like Zuckerberg really do not have time for finance guys.

They were the people you picked on in grade school while they were studying. Then when they make it, you all want to hang out with them.

Zuckerberg's response: No, I have better things to do. Invest with me or don't invest with me. I don't really care. I built this company and I control 60% of the voting rights, so I don't really have to.

He can't stand dealing with finance people. Frankly, I'm not sure I blame him.

 
Best Response
IlliniProgrammer:
Successful nerds like Zuckerberg really do not have time for finance guys.

They were the people you picked on in grade school while they were studying. Then when they make it, you all want to hang out with them.

Zuckerberg's response: No, I have better things to do. Invest with me or don't invest with me. I don't really care. I built this company and I control 60% of the voting rights, so I don't really have to.

He can't stand dealing with finance people. Frankly, I'm not sure I blame him.

You're reading into it too much, he just doesn't give a shit at all. There's no rationalle beyond that.

FWIW I went into finance because I was fucked with as a kid too: I wanted to be around smart, ambitious people who would mold me into a more effective person. There are plenty of nerds on the Street.

Get busy living
 
FWIW I went into finance because I was fucked with as a kid too: I wanted to be around smart, ambitious people who would mold me into a more effective person. There are plenty of nerds on the Street.
I just like accruals. I was the monopoly nerd. I was fucked with as a kid, learned to fight back after joining the water polo team, now I get a kick out of thwarting bullies.

You don't get to that level without learning to fight back, but it's hard to do a tech startup without still having the ethos of a nerd. When you sell out on that, you lose your ability to make money like Gates, Zuckerberg, and the like.

If I were Zuckerberg, I would snub the bankers, too, which I'm pretty sure this is. He no longer has time to put up with the people whom he sees as Ayn Rand's looters and moochers.

 

Veniam temporibus enim eius nulla et dolor. Pariatur odit laudantium reprehenderit sit iste quos ut. Sed nam possimus quos odio temporibus assumenda. Atque nemo quis modi magnam atque et sed.

Cumque et et dolor consequuntur aut voluptates perferendis. Dolores fugiat commodi tempore iusto aut id voluptatem. Dolores sit ea et qui deleniti et cupiditate. Deserunt repellendus enim maxime est dolorum eos.

Cupiditate rerum eos libero veritatis quibusdam ullam. Dignissimos a optio itaque magni blanditiis ut. Ut dolor ipsam et placeat excepturi et dolor est.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”