Square’s recent $2.9 billion IPO is either a huge win for its investors or a sign of very bad days to come, depending on whether you believe the “high-five” tweets from prominent venture capitalists (VCs) or the slew of hand-wringing articles — from sources like NPR, The Verge and the Wall Street Journal — essentially saying it marks the end of free-flowing startup capital.
The internet economy has long been supported by healthy growth in online advertising. In just 15 years, the industry has grown from scratch to $142 billion in 2014. And it drives the profits of the three most valuable internet companies in the world: Google, Facebook, and Alibaba, which collectively represent a breathtaking amount of value—more than $800 billion in market capitalization!
SUSAN L. DECKER, spent nine years in various executive roles with Yahoo! and 14 years as a top Wall Street analyst. She currently sits on the boards of Berkshire Hathaway, Intel and Costco, and is a trustee of Save The Children. Sue earned an MBA from Harvard Business School and a Bachelor of Science from Tufts in Computer Science.
The lights of her life are her three children, her three felines, and Dan and his girls. She also loves the Broncos, her dog Max, walking San Francisco, playing bridge and playing poker. Not necessarily in that order.
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