Ning Valuation Spot On. 60 million on a 500 million pre is pretty heady stuff.

Steve_Rosenbaum Marc Andresen knew that this latest round of capital would raise some eyebrows so he wasn’t about to toot his own horn and make an announcement. But when VentureBeat discovered the financing – the news was out. 60 million on a 500 million pre is pretty heady stuff.

Predictably, the headlines were either skeptical or worse.

But here’s a case where the pundits got it wrong. Andresen has seen the future – and he’s right to build it.

Here’s a take on the ‘social’ space, and the role that Ning is out to either serve or own – depending on how you look at things.

Full Story: http://alwayson.goingon.com/permalink/post/26565