Great post aigeezer. I've missed reading your insightful commentary--haven't see you here in a while.
Aw, shucks. Thanks for that. I've been lurking - just never had anything to say.
Jumping on this handy soapbox to beat the generational drum one more time - I see the (young) Oculus team has just sold out to the (young) facebook team. I am crushed, as I really really wanted to buy an Oculus Rift the moment they came out - not so much now. Anyway, I don't think the youth of the players had anything to do with the transaction - it just makes a useful counter-example to the Buffett theme. Morality, vision, integrity, and the like are not reliable generational attributes, despite any statistically significant patterns. If I were Buffett, I would fight BTC tooth and nail. If I were zuckerberg, I would make a play to get Oculus. Ah, but if you or I were Oculus - would we sell out to facebook? There's the rub!
The oculus buy depressed me too. Its now going to be used to monetize and collect data, I don't care what the founders say - that is the agenda of Facebook, so it will become their agenda too, over time. As far as age, I can see where that had an impact. If you don't have much life or business experience, someone dangling a payday might seem like a good idea in the short term.
However, the question they should've asked themselves was "If Facebook wants to buy us for that much, doesn't that mean we're worth much more to be a worthwhile acquisition?".
But they didn't, and now one of the largest "sellouts" is history.
