I am skeptical of Facebook’s long-term prospects, but as a guy who has worked at his share of Silicon Valley startups, and as a guy who has taken a modest loss on FB by betting on an opening-day bounce, I have got to give them credit: their IPO “flop” means they got it right, and hopefully made the stock market a slightly better place:
1) By setting their price at, or in this case, above what the market will pay, the company’s investors make the most money off their stock. If there’s an opening-day bump, that means they left money on the table for the underwriting bankers to profit from.
2) By being such a “dud” hopefully they dampen future expectations that a hot IPO should “pop” on the opening day. The true value of the stock market is as a mediator of investment. Speculative trading is just white collar gambling.
And unless the company totally implodes before their lock out period, I am not worried about the rank-and-file employees either. In pre-IPO companies employees are typically awarded options at a very modest fraction of the stock’s future public price. Most Facebook employees are probably looking forward to some windfall in the near future; Some will become rich, many others will be able to afford a house on the peninsula, and more still will be able to zero out credit card debt, student or car loans.
Valley companies that want to succeed look out for their employees. Even at an old public company like Cisco, we get to purchase our public stock at a 15% discount, which means the employees get some nice equity action even in a down market. I won’t be crying a river for Facebook employees any time soon.
In a hospital room, the Daily Routine consists mainly of waiting.
“We are the supermen who sit idly by and laugh and look at civilization . . .”
I am reading a book by W.E.B. Du Bois, based on this quote which was captured in a photo of New York graffiti.
Even as America’s race problem has evolved since Du Bois published Dusk of Dawn in 1940, his perspective is valuable. A fuller excerpt from Chapter 6, wherein he conducts a Socratic dialogue with a pair of composite “White Man” colleagues, and delivers an excellent perspective on world history, and modesty: (more…)
Above all science was becoming religion; psychology was reducing metaphysics to experiment and a sociology of human action was planned. Fighting the vast concept of evolution, religion went into its heresy trials, its struggle with “higher criticism,” its discomfort at the “revised version” of the New Testament which was published the year I entered college. Wealth was God. Everywhere men sought wealth and especially in America there was extravagant living; everywhere the poor planned to be rich and the rich planned to be richer; everywhere wider, bigger, higher, better things were set down as inevitable.
– W. E. B. Du Bois
… who entered college in 1885
Actually, Chapter 3 of “Dusk of Dawn” describes a transition from the world Du Bois was born into of the latter 19th century:
“(As) a young man, so far as I conceived, the foundations of present culture were laid, the way was charted, the progress toward certain great goals was undoubted and inevitable. There was room for argument concerning details and methods and possible detours in the onsweep of civilization; but the fundamental facts were clear, unquestioned and unquestionable.”
In contrast with the “today” of 1940:
“TODAY both youth and age look upon a world whose foundations seem to be tottering. They are not sure what the morrow will bring; perhaps the complete overthrow of European civilization, of that great enveloping mass of culture into which they were born. Everything in their environment is a meet subject for criticism. They can dispassionately evaluate the past and speculate upon the future. It is a day of fundamental change.”
I feel my heart and mind whipsawing between a world culture which is on the cusp of some fundamental, unimaginable change, and a world in which we will pretty much keep doing what we have done, just bigger, bolder, better, faster, with nanites and a higher rate of return . . . I get dizzy thinking about this world I try to live in.
And Religionists and Conservatives keep shouting their objections to a changing world ever louder, ever more viciously. They’re still attacking Evolution, so the concept and theological implications of Anthropogenic Climate Disruption are even more of a leap . . .
But the today of 2012, when the big revolutions appear to be how the European Union will manage debt among member states, and whether Arab countries can successfully democratize, whether there will be regional wars on either side of Asia, and the capacity of fundamentalists to kill civilians . . . today’s world isn’t tottering as obviously as 1940′s “today.”
But it is the Big Things you don’t hear in the news every day; When will climate change trigger famine and mass migration? Will China’s rise be sustained to the point it becomes a world power or will it implode? When are we going to be hit by that asteroid that superheats the atmosphere? Just after the devastating global pandemic that trained against antibiotics and traveled everywhere on jet planes before we noticed it? Will nanofabrication make industry and perhaps agriculture obsolete? Will the Singularity bring upon us a supra-individualist world consciousness? Will medical science and DNA repeal the eternal inevitabilities of aging and death? Is that when we will feel comfortable encapsulating our bodies on centuries-long trips to distant star systems? The new Magellans will refer to centuries as we refer to decades. My thinking is so early 21st . . .
These are the things I tend to wonder about between meetings at work.
Our Frenchman flew over to San Jose from London, and wanted a picture with our American colleague in Tokyo.
Rockin’ the Cisco TelePresence!
On days I Work From Home, Maggie enforces her mandated 3pm Pet-the-Cat break.
From an email to colleagues:
Yesterday I got Dr Sick Wife to drop me off at the Santa Clara Convention Center so Mr Sicker Light-Headed Husband wouldn’t miss any PYCON. After an awkward twenty minutes of asking people there for the lighting and LED conference where the Python was, I checked my smart phone and noted that … PYCON is *MARCH* 7th.
So I took the light rail home and told $BOSS I was on PTO (well, I call it MLK day due to Puppet Training) I then slept a lot, and did other things sick people do that don’t bear repeating in a professional context, and watched Dr Who save the Earth on TV, slept some more, and I am feeling way better today, which means I feel regular sick, not super sick.
So, I’ll be WFH today. Trust me, whatever this is, you’re lucky to miss out! I don’t normally get sick so this is a novel experience … I’ll likely be seen in the office next week, though if I’m coughy or sneezy I’ll keep that train wreck at home, because, as you might gather, you don’t want a piece of this!
If you’re attending PyCon, I look forward to seeing you there … next month! Hopefully I won’t be light-headed!
Hello Kitty ♥s Beard Papa’s.
As seen in Cupertino, CA.
Especially in Mountain View, CA, the heart of the Silicon Valley.
Hell yeah, my man is going to play the bin Laden card!
Stuffed Polar Bear demonstrates proper airplane safety procedure.
This is the passenger who had the middle seat on my flight back from Chicago yesterday.
I was poking around my CloudFlare Control Panel, and pulled up stats for the past month, from Oct 11 to Nov 11. It says it had blocked a bunch of attacks on my site, and consequently saved me over 5GB in bandwidth.
I said to myself, "I pay for bandwidth! Maybe this free service is saving me money?!"
“Really,” I said, “I pay for bandwidth, so if CloudFlare is saving me bandwidth, it is saving me money!”
But 5GB seemed kind of high. So, I checked my invoices from RackSpace. Here is the outbound bandwidth I have been charged for this year:
Invoice Date Bandwidth Out
11/11 4.660 GB
10/11 4.972 GB
09/11 7.534 GB
08/11 5.467 GB
07/11 6.402 GB
06/11 5.978 GB
05/11 4.694 GB
04/11 6.294 GB
03/11 6.254 GB
02/11 9.652 GB
01/11 7.117 GB
RackSpace charges me on the 11th of the month, and, conveniently enough, I started using CloudFlare around October 11th. The highlighted line above is my first month on CloudFlare. It is my lowest number of the year, and it is conceivable that I could have totaled 9.5 GB in October since I pushed more than that in February. I’m skeptical that they are saving me as much as they claim to be, but for a free service to speed up my web site and save me even a little money . . . that is a good deal in my book!
Sneaking through an apartment complex I came upon this wall of water and a dozen or more ducks enjoying the pond.