Entrepreneurial Lessons From The Disastrous Mistakes In Facebooks IPO Decision
Bangalore: The irrelevant decision of stock seasoning, the company being sued for the painful collapse in the share market and a complete now–passive-CEO, is how Facebook can be described the best after the disastrous IPO march. Facebookers, investors, capitalists, co-founders, friends, family and wife were all excited on Facebooks new venture; perhaps they expected a lot. Poor Priscilla Chan (wife) must be having sleepless nights since all this happened right after their marriage.
Maybe he believed that the CFO was really ‘an angel sent by god’ as mentioned by many other entrepreneurs or he was too confident the way his business took off, however we cannot blame ‘Mark’ on this. Every business has its own success and downfall. Decision of Facebook going IPO is now considered to be the most pathetic decision because people are losing the trust and confidence on the brand and the employees are finding better places to work and invest. It seems like Facebook has been struck by some Indo-African voodoo practice and Mark is trying to find out an ‘app’ now to get himself out of it. His wrong decisions are mainly the reason behind the disastrous IPO venture, and indeed a lesson to all entrepreneurs, to list a few of them -