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Honest question: What was Xobni's plan after turning down Microsoft's offer? Making > $20MM selling $40 software seems pretty unlikely.
by qeorge 16y ago
Honest question:
What was Xobni's plan after turning down Microsoft's offer? Making > $20MM selling $40 software seems pretty unlikely.
- charlesju 16y agoProbably forced by VCs. No point is liquidating at that price range, doesn't make an impact on their fund.
- qeorge 16y agoThat seems too simple. Why did they get so close to an acquisition if the VCs were steadfast against the sale? The TC article implies the Xobni team pulled out, over concerns about the product & team's future within Microsoft. If that's true, I'm confused as to why they built an Outlook plugin to begin with.
- deleted 16y ago[deleted]
- BRadmin 16y agoThen what was the VCs plan after turning down Microsoft's offer? Making > $20MM selling $40 software seems pretty unlikely.
- sliverstorm 16y agoDepending on who you are, wanting more money may not imply you have a plan.
- gduffy 16y agoWell, three startups have spun out from employees who left, two acquired and (shameless plug ahead..) one making revenue from day 1 and growing like gangbusters. http://www.remail.com/ http://www.remail.com/ (employee #1) http://www.appninjas.com/ http://www.appninjas.com/ (employee #3) http://www.dropcam.com/ http://www.dropcam.com/ (employees #2 and #7) I dunno if that was the plan though ;)
- phil 16y agoWhy does that seem unlikely? That's 500k copies, which is a reasonably high bar, but not at all hard to imagine.
- webwright 16y agoEven less-- Building a $20m company doesn't take $20m in revenue. You can see 5-10x revenue for a software company-- more if there is strategic value.
- MaysonL 16y agoWell, VCs seem to have thought well enough of it to put in almost 20 million after the Microsoft deal was turned down.