LinkedIn Options to Exercise Investors

Thanks for the post Tom.  I think this author is off base.

I think it's obvious that LinkedIn like successful IPOs before it is a complete waste of an investment.  Only a fool would have bought Google when it was trading at $120. 

Of course the dilution caused by equity should be considered, but it is not, by itself, a reason NOT to invest in LinkedIn.  Like so many people, the author is looking for a simple story to a complex situation.  sometimes the KISS philosophy is just stupid.

To me the topic of dilution is interesting, as it is something for these guys to write about.  Yawn.  But it is only a tiny piece of the story.  How much discussion have we as equity professionals had about that over the years?  And I agree, the biggest fools bought Google at $120 and look at them now. 

I'm not saying that LinkedIn is a Google by any means, however.  We shall see how that plays out pretty soon.