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That was from Jim Breyer, from Accel Partners, the main investment firm invested into Facebook, speaking at Fortune iMeme conference, covere…

That was from Jim Breyer, from Accel Partners, the main investment firm invested into Facebook, speaking at Fortune iMeme conference, covered here by Eric. He was asked about whether Facebook would be sold: “The company will do well over $100 million in revenue, and profitable, and significant EBITDA positive this year. Right now our job is to build out the company as significantly as possible. In our case, sold best companies too early…sold Perabit to various networking companies, a series of our networking companies that today would have been possible IPO candidates.” Also about not selling while the hype is at its peak: “There are huge disadvantages right now around the hype; companies best built when under the radar; and everything isn

  1. Took a deeper look at what constitutes a media vs. technology business and how Facebook fits within this framework. That article is here:

    http://www.speedmediablog.com/2007/08/22/stacking-up-facebook/

    This is a very nuanced topic.

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