The Facebook public share float, when it happens, will not only make millionaires of employees currently holding shares and options in the social network, but will also be of benefit to all sorts of business owners who happen to be in the vicinity of those newly well off.
The imminent flood of Facebook dollars is sure to provide a welcome boost to local businesses in Silicon Valley, from high-end car dealerships to wine merchants. Buff Giurlani, founder of car and wine storage service AutoVino in Menlo Park, is looking forward to an acceleration in already-brisk trade. “If a Facebook guy buys a house and wants to remodel it, maybe the contractor will buy another car,” he said. “Maybe the realtor will put a car in. There’s a trickle-down effect.”
For those seeking some of this Facebook trickle down action locally, there are a bevy of Australian ventures for you to consider.