Facebook's $15B valuation

Wow, what can I say.  

I'm of the mindset where you should take what you can, when you can, and obviously Facebook at this time is the web 2.0 darling.  But still, the massive valuation that they received from this deal sets them up for huge expectations.  A downround after this could seriously destroy their credibility.  Not that they really need it with the hundreds of millions of dollars they've received from MSFT as well as other hedge funds.

But with Google hiring up all the fresh talent in the valley, I wonder if they'll be able to actually make good on this investment.  Microsoft's throw in is just a smidge of what they're capable of, it's a great deal for them as they receive dedicated advertisement rates.  Especially granted they're going to be forecasting $150M in revenues.  A 100x revenue valuation on a company that's yet to even post numbers of a profit definitely smells of a bubble to me.

I would hope and dream to have such a huge valuation for KaZuum, but hey, let's be realistic here, we don't have 43M users and a fast growth rate.  Yet. :)

But regardless, in true pirate fashion I herald Facebook - Take what you can, Give nothing back!