46 karma · joined December 13, 2010
Could you elaborate? (I'm genuinely curious)
Did Goldman increase the number of Facebook's users or add a new awesome feature? Did they address the privacy concerns of Facebook's users? Did they make Facebook experience better for the users? No, no and no.
All they did is increase the "perceived financial value" of the company, which as we know from not too long ago, is intangible and fleeting at best, and total BS at worst (Reminds me of the $100bn "valuation" that 37signals got http://37signals.com/svn/posts/1941-press-release-37signals-...)
As far as I am concerned, Goldman can do whatever it wants as long as its actions don't have negative effects on the rest of us. Internet bubble of 90's hurt many people, and so did mortgage bubble of late 2000s. I don't want Goldman to contribute to and profit from another one of those. How do we make sure it doesn't happen?
Scary.
Random idea for a biz opportunity here: A service that insures content providers against AdSense account termination by routing all of the clicks through a filter to prevent "overeager" clicking by your fans, in exchange for a small fee. If your AdSense account is terminated, you'll be paid for it (just like if your car is totaled, your insurance company pays for it)
In a word: "serendipity"
Otherwise, good idea. It forces you to think about the perils of distributed environment from the very beginning, as opposed to leaving it to be an afterthought.
One possible interpretation: "learn as much as you can about your enemy, then use that knowledge against them." :-)
However, there are some cases where "core competency" is a vague term. Take Facebook for example - could they outsource their infrastructure to somebody else? Given how much data they have to handle, probably not. When you get to the point where scaling requires very low-level (Hunch) or massive (Google or Facebook) optimizations/deployments, you might be entering the business of handling intricate infrastructure yourself.