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Okay, so here's the new plan for startups: develop your product and execute it to near its full potential, then sell it to someone for $2B. But keep the core t
by terryjsmith 16y ago
Okay, so here's the new plan for startups: develop your product and execute it to near its full potential, then sell it to someone for $2B. But keep the core technology (just tell them it isn't important and/or you're just licensing it from this other corporation you just happen to own). Continue to collect licensing fees on said core tech. Then, when that person can't put enough time/effort/etc. into it, buy it back from them at 20% of the original price (after they've taken a huge write down of course). Next, raise a ron of VC money cause you're the shit, and then plan to IPO a very small portion of the company. Finally, while you're in the process of doing your IPO, get bought AGAIN, except for $5B this time. /rant
- bvi 16y agoThis would make for an interesting movie script.
- dcurtis 16y agoThis is almost exactly what actually happened with WebShots (only with smaller amounts of cash). http://en.wikipedia.org/wiki/Webshots http://en.wikipedia.org/wiki/Webshots
- rwmj 16y agoAfter doing a bit of contracting for Skype and eBay quite a few years ago, the problem was that eBay's management are a bunch of clueless goons. That they would get taken for a ride like this is no surprise to me at all.