We imagine, for a second, that we are writing a movie script.This script features an international technology company run by a pair of charismatic billionaires. It’s omnipresent and yet difficult to define, with deep pockets and huge, high-profile projects that seem to bear only a passing resemblance to actual revenue streams. Most of these projects involve eerily sophisticated methods of finding out as much as possible about everyone on Earth. In recent months, this company has made headlines buying drones, home monitoring software, artificial intelligence, and a firm that makes military robots.
I made the worst decision in venture capital history in late 2000. I was a partner at a venture firm called 212 Ventures. What? You never heard of it? We had $100 million from Investcorp, $5 million from CS First Boston, $5 milion from First Union (which became Wachovia) and $5 million from UBS. Read More
If that seems like quite a lot of money, that’s because it is. It’s 240 percent more than the company spent over the same period last year. The number looks even bigger when you line it up next to what other tech companies spent: It’s more than Apple ($500,000) or Microsoft ($1.79 million) or even Verizon Wireless ($4.51 million).
So, Mark Zuckerberg and Facebook COO Sheryl Sandberg have been taking their show on the road with a lil’ press tour, in which they’re basically acting like Suge Knight and Tupac circa ’95 at the Source Awards, beefing with Google at every available chance (while pretending that this isn’t a war). WHO SHOT YA, GOOGLE? Mark Zuckerberg, that’s who. And so, of course, the Bad Boy Records-esque Google has volleyed back.