In March 2007, I moderated a panel discussion for the MIT Enterprise Forum of New York called “The Future of Advertising: Integrated Marketing.”
To close the evening, I asked the audience a question:
“If you were a VC with $2 billion to spend, which would you buy: Facebook or DoubleClick?”
Here’s what happened. So much for the wisdom of the crowd.
(BTW Facebook’s valuation was already estimated at $7.5 billion the year before.)