Tuesday, September 4th, 2012

Silicon Valley Still Doesn't Get New York

David Ebersman, Facebook's CFO, and the man who planned its wealth-annihilating IPO, "recently came to New York to meet with big investors, including hedge funds and institutional investors. Some invitations for meetings were oddly, and somewhat imperiously, sent out on Thursday night for meetings on Friday. Given that it was summer, some investors sent their junior analysts." Oh honey. Okay, Palo Alto nerds, Labor Day has passed. We are now largely returned to our offices, although really you shouldn't try to schedule a Friday meeting until October, because the ocean is still warm and no one's really closed down the summer house yet. Good grief, we live in New York because we have lives. The whole pretense of "California casual" is a lie, and doesn't stand a chance when it comes to how seriously New Yorkers take their summers. The whole idea that the "laid-back, offbeat workplace vibe of Silicon Valley" is spreading to New York may be true in terms of foosball and employees taking laser tag outings (oy), but WE invented the whole idea of "not coming to the office at all," so, go on up to Harbin Hotsprings and flagellate yourselves with some cedar balls or whatever.

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melis (#1,854)

"This is the East Coast, David. You have to play by the rules. Now put on these close-toed shoes and start talking quietly about who your grandfather is. By the way, did you know that Boston is actually north of New York here? I know. It seems like that can't possibly be right, but it is somehow."

deepomega (#1,720)

@melis What's the east/west split on the shorts question?

melis (#1,854)

That battle was lost for us long ago. We have sinned and grown old, and our forebears are younger than we.

coalbaron (#11,105)

He sold stock in a risky, opaque venture for a comically high price to supposedly sophisticated investors? This man obviously has no future on Wall Street.

BoHan (#29)

We should probably forgive him for thinking investment bankers weren't interested in money. New York – such a crazy place, what with the Starbucks without bathrooms and all that stuff.

Oh, Maggie, I was working in the "laid back, offbeat workplace vibe of Silicon Valley" when you were 10 years old. The only thing scary were the hollow, poorly thought out business plans with overinflated IPOs. So glad you're getting a chance to experience both.

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