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See you at Seattle’s Facebook Conference (How to develop a Strategy and is Facebook worth $100 Billion?)

Categories: Conference, Facebook StrategyPosted on December 3rd, 2007

See you in Seattle
I’ll be in Seattle at the Web Community Forum (a focus on Facebook) and will be delivering the opening keynote, Justin has the highlights. If you check out the schedule you’ll see there’s a really interesting mix of discussions, both pro and con. I’ll be pretty objective in my keynote, demonstrating the opportunities, but also highlighting the risks of brands doing it wrong.

Brands need a strategy

The crux of my presentation will advise that brands need to first develop a strategy: Identify who’s in Facebook (is that even your market?), figure out what is it that you’re trying to accomplish (to learn, to talk, viral spread, to build better products, etc) develop a plan, then lastly, figure out which of the different tools are available. So many brands have inverted this and are doing it completely backwards. This is the same methodology that Charlene and Josh perscribe at Forrester. You may have read my previous rants that brands first need a strategy.

Is Facebook really worth $100,000,000,000.00?

On the second day, I’m really curious to hear Lee Lorenzen’s opener, he thinks that Facebook is worth $100 Billion. I’ll be tweeting (from Twitter) that morning all the key nuggets on why he says that, so add me as friend to tune in, even if remote. If you’re going, I’m looking forward to seeing you, I think there’s a group of folks that are getting together for dinner on Tuesday night.

With social networks comes nearly unlimited business opportunities
I rarely request people to be my friend on Facebook, I have an open policy that if you add me, I’ll add you back. People often ask me are those your real friends? Some yes, but most are not. This has become a rolodex for me, and unlike some business social networks, I have a better understanding of who these people are, what they like, and their interests. In many ways, my network is nearly unlimited now, and with that comes nearly unlimited opportunities and possibilities.

From web to print to web
A few weeks ago, Leah Jones and myself (and the Blue Monster) were featured on the front page of the Business section of the Chicago Tribune, including a screenshot of my Facebook profile. It’s a bit sureal, as my real life pictures was put online on a social network, which was then put on print, which I now share online.

Facebook Profile on Chicago TribuneFacebook Profile on Chicago Tribune

Thanks to Leah Jones, and Jay Rudman, for sending me the paper clippings.

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  • Not unless it gets an experienced CEO of a media company, who understands that different demographis have different tolerance to advertising and different privacy standards. http://blog.stealthmode.com/2007/12/facebook-ne...
  • Jamie Riddell
    No, its not worth $100bn - thats just stupid. FB only has a value as long as the audience sticks around, whislt the small dissent at the moment won't affect the overall numbers of users, there will always be 'another' network around the corner where people will go.
  • Would not the debacle over Beacon and, more importantly, the ConnectU lawsuit impinge on Facebook's valuation? I'm no student of economics to be sure, but it seems that would be the case. If so, then, no. Facebook is definitely not worth anywhere near $100 billion.
  • Brian Block
    It's certainly worth something but not nearly that much. I use FB constantly and I don't get nearly that much value out of it. I would really enjoy seeing a Social Media/Web 2.0+ Monopoly game.
  • Jamie Riddell
    Comment No. 2 - The worry here is that we are getting *too* silly on valuations, much like we did in the first dotcom boom. I know the two are very different as this time around, companies are making money. But a valuation of that size [if paid] needs to be repaid at some point. Once the income doesn't materialise to the tune of $100BN then investors start to look at these things negatively which in turn impacts the market.

    A realistic valuation of a billion or two must surely be enough?
  • Unfortunately, I am not at the meeting. Was planning on it but for some reason, I couldn't make it. Sorry to miss you in Seattle. Hope to meet you some other time in some other event. Have fun.
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