New Leadership Emerges as Facebook Now Worth $35 Billion. Yes, with a ‘B’

New economic cycles and bull markets are characterized by new leadership. The last cycle was dominated by Google (GOOG), Apple (AAPL), Amazon (AMZN), and Research in Motion (RIMM). Now we’re seeing the new stars use the VIP line to get into the club.

Tech Crunch announced Facebook investor Accel Partners took some money off the table which leads to a $35 billion valuation. That’s a pretty 247x return and not bad for what was originally a $12.7 million investment in 2005.

Barron’s notes some interesting comparisons to valuations of other huge companies:

That makes the company larger than Hess (HES) and Sara Lee (SLE), but also, more appropriately, bigger than Time Warner (TWX), three times the size of CBS (CBS), one and a half times the size of Viacom (VIAB), and just a tad smaller than News Corp. (NWSA), the publisher of this blog.

Wow. It’s safe to say the new leadership is establishing itself.