4 ms·
But Citizen had offered them a better deal, didn't they? $740m rather than $40m. [1] [1] https://techcrunch.com/2016/11/30/fitbit-pebble/ https://techcrunch.co
by rilut 10y ago
But Citizen had offered them a better deal, didn't they? $740m rather than $40m. [1]
[1] https://techcrunch.com/2016/11/30/fitbit-pebble/ https://techcrunch.com/2016/11/30/fitbit-pebble/
- kensai 10y agoThis exactly. And he turned it down. This is nowhere mentioned in his interview and it's an important point of his own failure as a CEO. He thought he could make a better deal back in the good days, overestimating the value of his company and NOT selling when the time is right. I don't buy it that he sold to Fitbit because Fitbit promised to keep the employees, this is exactly the bullshit I expect him to say to an interview to paint his story a courageous one. Pebble was an amazing startup with a lot of potential and good ideas (I find their short developer manual in C as one of the best introductions to C programming with practical examples ever written), but the CEO overestimated his company's maturity and value. Which is a shame. Let's hope Fitbit keeps alive some of the legacy.
- broahmed 10y agoYou know what they say about hindsight and perfect vision. Sounds like Eric thought the company could have survived. I give him props for sticking with it as long as possible.
- lonelyw0lf 10y agoHe must be feeling like killing himself now! wow! $740M!!! and instead now he heads back to YC as yet another partner. I'd really be curious to see YCs cap table :) Sam must have that locked up somewhere :)
- uiri 10y agoI haven't been able to find any substantiated source for the $740M figure. All the other news sites cite an article on The Information[1] about the FitBit deal which is paywalled. [1] https://www.theinformation.com/fitbit-to-buy-pebble https://www.theinformation.com/fitbit-to-buy-pebble