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> Noah was recently offered 10 figures for the business Bullshit.
by fizx 17y ago
> Noah was recently offered 10 figures for the business
Bullshit.
- noaheverett 17y agoYeah 10 figures is a typo. It's stated as 8 in the actual interview.
- rodyancy 17y agoThe real story is the Tulsa tech scene. First, the Ping.fm acquisition and now the Twitpic story. Tulsa FTW.
- callmeed 17y agoThat's awesome. I may move to Tulsa area later this year and I've been wondering about the tech/hacker scene. Anyone else?
- rodyancy 17y agoThat was a joke, really. The scene here is limited. There are a few of us working on interesting things. The problem is when they take off the founders tend to move, like the guys behind Ping and Noah. Anyway, when you do move look me up.
- callmeed 17y agoDang, I'm usually good at spotting jokes/sarcasm–my bad. I'll definitely look you up.
- sucuri2 17y agoIt certainly seems hard to believe...
- grannyg00se 17y agoWhat I found hard to believe was that if someone was offered more than $10M for something like that, they'd turn it down simply because it's fun to operate. Unless that person is already financially independant, I'm pretty sure they'd take the money.
- antidaily 17y ago8. andrew says "so at least 10 million". he counters "much more than 10 million".
- petercooper 17y agoAnd if he didn't take "much more than 10 million" for a site that's making about $1m in profit, he either has gigantic balls or a tiny brain :-) Good luck to him though!
- gridspy 17y agoI imagine that its profit in the next financial year will be more. Also, he isn't in it for the money. Would you walk away from a fun success?
- petercooper 17y agoIt depends. If it were powered by advertising, yes, yes, and yes. If it were customers paying money for goods or services, not if it were really fun. But I'm still at that pre-$5m net worth stage where having more than that would basically set me for life. If I were already wealthy, the rules would be totally different. At the moment I just want to hop that fence, then forget all about money (to a point).
- mikeryan 17y agoIt is - in the interview its 8 figures, 10+ million.
- icey 17y agoThere were a few times in this interview that my BS detectors went off. Andrew asked a question regarding which VCs Noah had spoken with and Noah said he couldn't respond due to NDA. After some probing the story changed to say that only some of the VCs required NDA at the point of discussing monetary figures. Andrew did a nice job by continuing to ask questions like "what did they want you to do with the money?" and Noah again vacillated. It just struck me as odd that he couldn't remember what the discussions were about, it seems like something that should be really easy to remember. Of course, he could have just been nervous as well, but it really smelled fishy to me. Disclaimer: I don't know Noah, I have never used TwitPic, I have nothing for or against Noah and / or TwitPic, so take all of this with an ENORMOUS grain of salt since this is nothing more than pure speculation
- noaheverett 17y agoNervous is an understatement...as you can see I almost failed speech class for a reason :)
- icey 17y agoThat's a good enough explanation for me; I hope you can see why I thought it was odd. I was about to delete my comment but saw that tannerburson had replied. Sooo... were the VCs interested in getting you to add manpower or spend money on marketing (or something else, like infrastructure)?
- noaheverett 17y agoYeah man power and infrastructure. The goal with VC usually is to help something move faster in the direction of success/profitability via whatever resources the startup is lacking in.
- tannerburson 17y agoI've met Noah on at least one occasion. He's a very nice, and very bright guy. But he is a completely accidental entrepreneur, so I'm not surprised at all that he struggled in an interview like this. In fact, this might be the first big real-time interview he's done. My reading of the situation tells me that he's just really uncomfortable talking about the conversations he's had with VCs, and doesn't know how to convey that without being awkward. That said I've never really understood his motivation for handling TwitPic the way that he does, but that's definitely not my place to criticise.
- jasonlbaptiste 17y agoit says somewhere 8 figures. thats a typo.
- AndrewWarner 17y agoOh man. Good catch. Typo. Complete mistake. I'll correct it. I was doing an interview and didn't see your comment till now.