I’m trying to forumulate my rationale to myself of why I don’t want a piece of the Google IPO. It has something to do with 1) IPOs are bad for companies in general, 2) Google has explicitly warned it won’t try to make returns in the short term. Given that Google took the search crown in the short term, someone else is just as likely to take it away, and 3) I can’t perceive much difference between their showcase product and Yahoo’s.

While I’m getting those thoughts straight, see their soul-sucking new blog, and their counter-philosophy new banner ads. Those Morgan Stanley folks really know how to whip a company into shape!