I think the potential for information markets is much larger than usually reported. I also think the reluctance to try them is deeper than most want to admit and thus it will take longer to catch on.
If truly understanding a firm’s operating cash flow is important to you, don’t just rely on someone else’s calculation thereof; and avoid the temptation to rely on widely-quoted measures of operating cash flow that may actually hide more than they reveal. Unless you don’t mind losing money.
Creating any new market requires patience. Even eBay didn’t go from zero to a billion transactions overnight
This is high-level thinking with so many variables and unknowns that one’s experience and intuition must fill the gaps to reach a desired outcome.
How in blazes Vonage could put its customer relationships at even greater risk by making it so easy to participate in the IPO is beyond me.