Fixed, Iris :-)

By the way, one of the critical missing pieces in India today is competent incubator managers who can run effective incubators.

Btw, all those who want to explore partnerships can email irina AT sramanamitra.com and skype with her. We have a lot of experience with structuring these partnerships.

Hi Sameer, Your comic strips are very funny :-) Sramana

Yes, I like Nimish's analogy of the 'T' shaped expertise as well. Very aptly put.

It is not more regulation, but smart regulation. One that is smart and is already getting implemented is to increase the reserve ratio of banks such that the government NEVER has to bail banks out again. Such regulations are necessary. Pure free market capitalism doesn't work. It is deregulation that brought about the calamity. Most people agree that the bail-out had become necessary, but in the future, there needs to be sufficient regulation such that things don't get to that point.

Folks, those of you who are considering joining 1M/1M premium, if you have questions, please feel free to call Irina at 786-301-2456 and discuss them. You can also email her at Irina Patterson :<12irina34@gmail.com>

We're doing our best to help you understand what 1M/1M can do for you. If you think we can do better in certain places, we are always open to suggestions.

There are many facets of the Facebook effect, let me try to explain them separately:

(1) Property Taxes that Facebook itself will be paying

(2) Enhanced employment would lead to enhanced income, and hence enhanced consumption, but that would require we retain the consumption locally, and don't let it fly away to San Francisco.

(3) Some of the Facebook families will be buying houses and settling in Menlo Park, again, only if we make the city attractive for young professionals and families to want to live here. That would mean further property taxes and additional consumption, locally.

(4) Facebook's impending IPO will generate numerous angel investors and new entrepreneurs. If Menlo Park downtown can become a hub for incubators and live-work spaces with a specifically 'attractive for entrepreneurs' ambience and energy, then the commercial property taxes, investment, income, everything will snowball into enhanced revenues for the city and the community.

(5) The downtown merchants, if there is dramatically enhanced foot traffic in the city, would benefit from the associated consumption, and there will be sales tax increases because of that.

Facebook, by 2015, plans to hire 9000 people. That creates a very strong potential for the city, in my opinion, to build a thriving, living, breathing 'capital' here.

Yes, and as a matter of fact, Stanford's resources can be leveraged to curate culture - whether it is Jazz or Theater or Photography, Stanford has a strong Liberal Arts program, with experts who can help curate some events.

The aging population IS interested in a conservative vision, no doubt. In fact, left up to them, NO change is the best path forward. The question is whether a city should build its future in tune with an aging population, or plan for a future such that it can attract younger people, revenues to provide services, etc. The introduction of Facebook into the picture dramatically changes the tax potential, and if the city misses this opportunity, it has a bleak future ahead.