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I think about this whenever a startup is acquired and everyone here balks at the price. Turns out $1B was a bargain for Instagram.
by draw_down 10y ago
I think about this whenever a startup is acquired and everyone here balks at the price. Turns out $1B was a bargain for Instagram.
- mikeyouse 10y agoSimilar outrage was had after Snapchat turned down a few billion-dollar offers and raised money at multi-billion dollar valuations; https://news.ycombinator.com/item?id=7150927 https://news.ycombinator.com/item?id=7150927 https://news.ycombinator.com/item?id=6671371 https://news.ycombinator.com/item?id=6671371 https://news.ycombinator.com/item?id=9065240 https://news.ycombinator.com/item?id=9065240 Now they're planning to raise more cash in an IPO than many of the initial 'crazy' buyout offers at a valuation of something like $25 billion. And their CEO is engaged to a Victoria's Secret model. It turns out that there's more to building a business than complex engineering and one-of-a-kind services.