Well, not sure if this should make me happy, since I predicted it a couple of weeks ago, or sad, since it predicates some hard times ahead. If I were to guess, it will drop further when it hits the $449 mark in trading, but then rebound opportunistic buyers. Today will be a fun day on the market. Thankfully, it wont affect me at all. More thoughts to come on the market, but here is what I will say.
Now is one of the best times to start and to finance a company. There are many, many reasons to be discouraged by looking at the broader market. One thing should always continue to inspire you: no matter how difficult things are, there are great opportunities for innovation. PayPal, for example, went public in a terrible period of market turmoil. Enjoy!
Large corporations cannot adjust to the market as well as startups. You knew this since the days when IBM ruled the world of data. ‘Little’ Microsoft came along and created their own niche, now they, Yahoo! & Google are behemoths moving forward & growing at glacial speeds.
They’re still good long-term bets, as is IBM.
At the same time MS was a startup, tens of thousands of similar companies failed. Many made great money for a short while, but most failed.
The trick is to stay with sure winners (large corps, with momentum & stability), and back as many little innovators along the way …without going broke yourself.
Creating a few, like theFunded.com along the way was a good bet too.
Google stock may fall, then surely rebound, like a beating heart, but it goes on strong no matter what the current market.
Their greatest failing may now just be an internal diversification push. Instead of buying up smaller startup companies (like Microsoft loves to do) they’re betting on internal innovation.
That should only contribute to temporary setbacks.
The Google foot-hold in the Asian market will soon overtake their short-term losses, and all over the coming year, mark my words.