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When I read statements like this what I actually see is the following: "When we met with Facebook, we were impressed with the huge pile of cash that they offer

When I read statements like this what I actually see is the following: "When we met with Facebook, we were impressed with the huge pile of cash that they offered us. Most of all, it was very green and crisp, and smelled like cash it supposed to smell, so we were compelled by the ways this cash could help us realize our vision of getting rich."

jonknee 9y ago
I read it more like "Facebook made it clear they could duplicate our app in a weekend, then extended a take it or leave it cash offer".
- hetspookjee 9y ago
  I bet they're technically capable of duplicating, maybe even by you on your own, same goes for Snapchat. Yet they don't, because just like a lot of the social apps that are succesful, it's not the technical innovation that makes it valuable, but the network of people that support it, and I think just as important, eventually being able to monetize it (Remember Vine?) Also the already stored data makes it quite the treasure. Even if every user instantly stops using it, it'll still be very valuable due to the existing data (if they keep it). Too stray off-topic though somewhat on a self-created tangent: There's an app called Flitsmeister in the Metherlands (and abroad but several countries banned it) that keeps on growing. I wonder when they will be bought out. Not necessarily for the active social network behind it, but rather for the data that is already there. I believe such a vast amount of historic data is hugely valuable on it's own. I wonder by who, when and for how much they will be bought out.
Omnius 9y ago
You say that like it's a bad thing.
- jim_dow_jones 9y ago
  It's a bad thing when you're not being honest. "...we shared many of the same core values..." Why not just say, "They made us an offer we couldn't resist. ( ͡° ͜ʖ ͡°)"
  - pdimitar 9y ago
    You don't deserve the downvotes. The amount of people deluding themselves that exit strategies optimized for being bought by a giant are moral, is disheartening.

jonknee 9y ago

I read it more like "Facebook made it clear they could duplicate our app in a weekend, then extended a take it or leave it cash offer".

hetspookjee 9y ago
I bet they're technically capable of duplicating, maybe even by you on your own, same goes for Snapchat. Yet they don't, because just like a lot of the social apps that are succesful, it's not the technical innovation that makes it valuable, but the network of people that support it, and I think just as important, eventually being able to monetize it (Remember Vine?) Also the already stored data makes it quite the treasure. Even if every user instantly stops using it, it'll still be very valuable due to the existing data (if they keep it). Too stray off-topic though somewhat on a self-created tangent: There's an app called Flitsmeister in the Metherlands (and abroad but several countries banned it) that keeps on growing. I wonder when they will be bought out. Not necessarily for the active social network behind it, but rather for the data that is already there. I believe such a vast amount of historic data is hugely valuable on it's own. I wonder by who, when and for how much they will be bought out.

Omnius 9y ago

You say that like it's a bad thing.

jim_dow_jones 9y ago
It's a bad thing when you're not being honest. "...we shared many of the same core values..." Why not just say, "They made us an offer we couldn't resist. ( ͡° ͜ʖ ͡°)"
- pdimitar 9y ago
  You don't deserve the downvotes. The amount of people deluding themselves that exit strategies optimized for being bought by a giant are moral, is disheartening.