Friday, July 22, 2011

How to make $6B in 2 years (teaser: may include a library)

It can be done!  In the most recent edition of Fortune magazine, there is a great article on how the Skype deal came to be.  Basically, Silver Lake Partners and a venture firm, Andresseen-Horowitz, bought Skype from eBay for $2.75B.  In May 2011, the new owners announced they were selling the company to Microsoft for $8.25B!

Of course, this transaction is an example of the current technology bubble but what would make this transaction grow by 6B in two years is a great read and we have this current issue in the MCOB Magazine Shelves.

The real kicker, however, is when one of the critical meetings was to be held between the venture capital company and Cisco's Tony Bates.  Mr. Bates had long been an admirer of Andresseen but when he came into the Andresseen-Horowitz office, he found they had a library!  So, Mr. Bates began looking at the books to see if any of his favorites was in the library and couldn't find one of his particular favorites by William Gibson titled Neuromancer.  As Mr. Bates tells the story, he said that this became a great opening to the discussion at hand.

You just never know the impact of libraries and reading books may have in your future business discussions - come see us and browse our books - we have alot to offer you!

P.S.  and yes we do have Neuromancer in the Main Library (PS 3557.I2264 N48 1984)