IS IT TRUE that the occasional practice of “Millionaire Watch†on underway in Silicon Valley once again with the 180 day lockup period for NASDAQ juggernaut LinkedIn?…that this lockup period is a 180 day period immediately following in Initial Public Offering (IPO) of the company stock during which employees of LinkedIn are not permitted to sell any of their shares on the open market to cash out on their sweat equity?…that on November 21, 2011 that nearly all of the 1,500 employees of LinkedIn will be able to cash out of this leading edge software business that did not even exist a few years ago?…that at today’s stock price of $87 per share that the employees of LinkedIn will have the ability to cash out $8.2 Billion if they choose to do so?…that this averages an astounding $5.6 Million per employee?…that we are sure that this is not equally shared but that the long time practice in Silicon Valley to offer stock options to nearly all employees has made many millionaires of people who would otherwise just draw a paycheck and struggle to get by?
IS IT TRUE that IPO’s that create and spread wealth of this magnitude are only possible in locations where active Angel Investment Networks and Venture Capital is available?…that the talent follows the money and that by not having such opportunities that Evansville and many other conservative places are sealing their economic fate at the bottom of the food chain?…that at a time of recession when Silicon Valley and a dozen other places are high fiving over companies like LinkedIn, Pandora, Synga, etc. that our election is hinging on the perceptions of the masses on Floatgate, the Homestead Tax Credit, cash infusions from Indianapolis, who hates meth the most, who endorses who, and when the Ford Center will ever draw an act that Roberts couldn’t have drawn?…that quite frankly we would be better off celebrating an IPO or ten?…that we wonder if the “keepers of the castle†are paying any attention?
IS IT TRUE that in 2004 at about the same time that the Ford Center was a twinkle in some people’s eyes that LinkedIn announced that they had secured $10M in secondary financing from the Venture Capital firm Greylock and an undisclosed additional amount from 14 Angel Investors?…that with the level of investment that was made in the Ford Center, Front Door Pride, and some other building projects over 100 start up businesses could have been funded?…that while Mountain View got LinkedIn, Google, and a host of other new businesses that we have an arena and some houses that have for sale signs that are gathering dust?…that Evansville is today a sum total of the choices that have been made for the last 50 years?…that looking back to 2004 in the link below should give local leaders cause to reflect on what may have been?…that if we never try we shall never know if something like this is even possible in Evansville?
http://press.linkedin.com/48/linkedin-secures-10-million-series-b-funding-led-greylock
IS IT TRUE that the $8.2 Billion harvest of cash that the employees of LinkedIn will be able to access if they choose is enough money to buy at assessed value all of the City of Evansville and still have over $1 Billion remaining?…that one can only wonder just how much impact a stash of $8.2 Billion in personal wealth distributed over 1,500 people and their families could have on a place like Evansville?…that unless something is done about the lack of investment dollars and the ability to attract talent we shall never ever know?