Ever see a parent of three listening to a single person complain about how stressful their weekend was? Usually, the single person says something like: "Oh my God, I had all this deadline stuff from work to deal with and I had to clean my apartment as well..." Usually, the parent turns and rolls his/her eyes.
My point is this: You mature as a company and as a management team when you IPO. Look at Facebook now compared to 18 months ago. Was it throwing as much at the wall then as it is now in terms of launching new services and trying to make money? No. Why? Because the investors weren't pushing it to and the new public ones are.
Was Facebook's board as good then without two women as it is now? No. Why did it change? Because investors were incensed at Mark Zuckerberg for this oversight and he bowed to this outside pressure. In my view, Facebook is a much stronger company today than it was then and I credit the "crazy" and "short-sighted" Wall Street investors for helping it. I think this outside pressure from Wall Street will be equally beneficial to Twitter.
I don't think a $30 billion valuation would be sustainable for Twitter, just like a $75 billion to $100 billion valuation for Facebook wasn't sustainable in the end. So, whether it's a good investment or not will depend on how frothy the markets are at the time Twitter goes out. However, in the long term I continue to think Twitter is going to be a fabulous and extremely important player in media for years to come. Its IPO will be a new chapter in that story. At the time of publication the author had no position in any of the stocks mentioned. Follow @ericjackson This article was written by an independent contributor, separate from TheStreet's regular news coverage.
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