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The Facebook IPO announced on the NASDAQ stock exchange. Did it's inability to live up to the hype doom the IPO revival?
We welcomed Reuters finance blogger — and recent Loeb Award winner — Felix Salmon to the Crawford Family Forum last Thursday to talk IPOs, as part of my "DeBord Report Live" series. Specifically, whether the IPO is D-E-A-D. Felix has lately been making a very strong case against the traditional IPO, in Wired and elsewhere. He's outlined an alternative model, of sorts. So we got to engage in some lively conversation on the topic, and we enjoyed some excellent contributions and questions from the audience.
We also got more mileage out of the three terrible slides I grabbed to contribute to the conversation than I ever thought possible.
An interesting product of the evening's discussion was our kind of shared realization that the business of Silicon Valley (broadly defined, but basically the Bay Area tech scene) isn't necessarily the creation of new companies — it's the creation of venture capitalists.
The DeBord Report Live's first guest: Sasha Strauss of Innovation Protocol. He's taller and I have the much older suit.
On Wednesday, KPCC's Crawford Family Forum team and I kicked off the first installment of "DeBord Report Live." We had a great crowd and a great guest — Sasha Strauss, Managing Director of Innovation Protocol, a strategic branding firm based here in L.A.
You may have heard Sasha on "The Patt Morrison Show." You may have watched Sasha in YouTube videos. But you haven't lived — or I hadn't anyway — untill you've seen Sasha do his thing live. We covered A LOT of territory in our 90-minute conversation, punctuated by Q&A sessions with the audience — and a few table-turners, where Sasha interviewed me (my beat-up 1998 Saab and my 15-year-old Brooks Brothers suit evidently say quite a lot about the Brand That Is Me).
You can listen to whole thing here. Advance warning: Be prepared to turn down the volume at times! By the end, I think you'll know a lot more about social media, how brands rise and fall — and about where Sasha is coming from as a person who believes that brands are deeply emotional and ultimately about more than mere commerce.