Is YouTube an example of survivorship bias? There are 50,000,000 smart guys doing other shiite that don't have YouTube success.
Ok well Youtube was not exactly original, it's not like noone else has tried sharing videos in the last decade. Of course maintaining it through a website requires $millions. The 3 founders were all early employees of Paypal, all from the same locale in CA (tech world). These guys were in early on the game, they obviously got contacts early on, whether they tried or not. They got financing, quite a lot of it and hit the jackpot. As much as some idealists hate to deny it, it was a lot of luck. Google is burning cash through their stock and youtube (as well as facebook) got lucky. It's the world of paper pushers, it's like a lottery. The fact is that Youtube as it was prior to the buyout cannot sustain itself without philanthropic capital (like Wikipedia, for example). So once you explore deeper, you realize that Youtube is like a lottery ticket. It like 1999, but with higher requirements. It's a clever pump & sell out. BTW, since a venture fund (Sequioa) was involved, who do you think gets most of the money. Anyone who has dealt with venture funds, knows they take a huge chunk of equity, especially after they pumped in over $10mil in a year into an entity with little revenues and little plans for growing revenues. The founders are damn rich but nowhere near the billionaires mainstream media is making them out to be.
Blunt is square on. This was an incestuous deal. Same money being shifted around among the very few. Money coming directly from the public capital markets. YouTube , as it exists today, is an illegal enterprise, no different that bootleggers. There are two kinds of media on YouDrool. Copyrighted stuff for which no royalties are paid. Stupid crap from pinheads, with a rare , random pearl throw in. For this they paid 1.6 billion. Tells me something ain't right. And Handsome, tell the folks how you held 50,ooo shares of MNCS from 8 to 3. lol
I have only bought 1 stock since joining here and it wasn't even a stock ever mentioned here. I picked it all by myself and it is making me money so far so there!!! It is a company that is not far from where I live and I decided to make my very first stock purchase by buying it. The more I read here the more I believe what that guy Mr Darvis said when he wrote a book called: "Wall Street, The Worlds Biggest Casino" The more I read here at elite, the more I realize that the stock market is just like a casino...nothing but a gamble and shysters
Theres nothing 'shy' about them. They will pick you clean and leave your skull in the hot sun to rot.