Big numbers over breakfast
Two big numbers that are flashing at me over my Saturday morning coffee.
- Friendster has taken 53 million US dollars in funding
- Google is estimated to be worth 15 billion US dollars
Its 1999/2000 all over again.
Dear Kleiner Perkins VC man,
Can I get 20 million funding for an online baby food portal site. There are millions upon millions of babies out there and if ibabyfood.com can get 0.1% of them buying 10$ of food a year from the site we'll make 100 million in the first year!!!!
Additionally, we can sell advertising to baby product makers and provide rich deep content which will create "sticky" eyeballs for the parents who will build a deep relationship with the site. And, we can have a community of parents and children online.
As the children grow we'll know their ages and in 20+ years be able to market financial products to them based on their life events such as college funds, buying a house etc.
As for an exit, we can IPO for 40 billion within 4 years
Ben
President and Chairman
iBabyFood.com