Friday, July 24, 2015

Inspire ME Friday: Brian Acton Was Looking For a Job.

"The moral of the story is never give up hope. Hope that you will find meaningful work and success in life."










Good Morning Folks,

Five years ago, Brian Acton was looking for a job.

His job at Yahoo, where he'd filled many engineering roles over 11 years, had come to an end.

He was networking with recruiters.

He met with Twitter. Twitter said no.

He met with Facebook. Facebook said no.

So he and Jan Koum, a colleague from Yahoo, set out to do their own thing.

Last year they sold that thing to Facebook for 19 billion dollars.

What'sApp was bought with Facebook stock at near its all-time high. So, from a financial point of view, Zuckerberg's "funny money" really has little relative meaning to begin with. However, the whole public mania with Social Media in general does illustrate what a misallocation of capital can be and the consequences of the FED's cheap money (low interest rates) have been. 

Imagine if instead, a group of investors had raised $ 19 Billion dollars in California during the current 3 year drought ( which actually began in 2000 ) for water resource projects? I mean really, what is more important, basic, and essential than water and food? In doing so, tens of thousands of jobs would be created. The market says no, social media and mobile instant messaging is much more important. This worries some much more than how much Facebook paid for this acquisition.

Life is crazy. The moral of the story is never give up hope. Hope that you will find meaningful work and success in life. Hope that where money is available to capitalize new ideas and innovative talent, we direct some of that towards solving the world's most pressing problems. And hope that company's like Yahoo who had all the talent and innovative brain power to become Facebook rather than be trumped by them, will never stop being receptive to new ideas and change.

Read all about it!

Hooray It's The Weekend!

HAVE A GREAT One!









Mitchell D. Weiner
Chief Happiness Officer

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"The only true wisdom is knowing that you know nothing." 
~~ Socrates
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