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What about success regret? I've said before that I shouldn't have sold when I did.
by joshu 16y ago
What about success regret? I've said before that I shouldn't have sold when I did.
- quizbiz 16y agoThen how does one identify the right time to sell, or rather whether or not to sell?
- sgman 16y agoCan you elaborate?
- rdl 16y agoHe sold a vibrant, viable business to...yahoo. Enough said.
- gcb 16y agoCan you elaborate on viable? Is there many bookmark websites that are making the cut nowadays?
- rdl 16y agoGiven that it had pretty good traction as a bookmark site (and certainly wasn't the only project joshu had developed...actually several of the others were more interesting), it's very reasonable to believe it would have evolved into something different from what it was when sold. At Yahoo, it stagnated, just like every other acquisition Yahoo has made (Flickr is probably the most similar).
- rdl 16y agoWhat could an investor or board have done to have gotten you to agree with this back then? Offered $5-10mm cash off the table in another round?
- joshu 16y agoNo clue. Our potential series B was smaller than that, so it wouldn't have been possible.
- danielrhodes 16y agoI don't think one should speculate about what the outcome would be if you had done something differently. Instead, it's best to determine what you are going to do next time which is different from the last time.
- joshu 16y agoThis is very excellent advice.