With people still talking about the mess of Facebook's IPO, it's been causing other companies problems as well -- including a series
IPOs. However, the folks over at McSweeney's have uncovered the S-1 filing for what could possibly be the next hot IPO
. As they note, this is one "where nothing could possibly go wrong." If you're into reading these kinds of things, check out the full prospectus. Or just sample the risk factors here:
An investment in Ponzify involves significant risks.
A significant portion of our income is derived from advertisers who still buy this whole “clicks” and “page count” business. Thus, we plan a vigorous defense of our current metrics while making up new ones with impressive-sounding names. For instance, KonBuy (short for “Konfirmation Bias”) scores the popularity of apps and websites based on whether their titles are intentionally misspelled portmanteaus.
Our CEO, CFO, COO and a bunch of other acronyms were all born after Nirvana released “Nevermind”.
Did you watch that two-part Frontline special on PBS about the inside story of the global financial crisis? We did. We were like “Dude, that’s like what we’re doing!”
If only real prospectuses read this way...