Link: Facebook exec: We're the Net's cable company | Tech news blog - CNET News.com.
SANTA CLARA, Calif.--As you might expect from a vice president of product marketing, Facebook's Chamath Palihapitiya can deliver a convincing sales pitch.
His sell: Facebook is the next-generation platform of the Internet that can turn any ambitious entrepreneur (with the right application) into an overnight success. He rattled off the stats to back up the argument.
The average development time, he said, for an entrepreneur to build a Facebook application is between two and 15 weeks, according to a self-reported survey of its developer community. The average number of employees to make those applications: between one and five people. And about 33 percent of Facebook application makers reported profits of up to $500,000 a month. Finally, at least one-quarter of the applications running on Facebook have 100,000 active daily users.
