3 ms·

Edit: Removing comment.

• claytonjy 9y ago
  There's something really odd to me about describing a $100MM acquisition as "middling"; wouldn't that almost guarantee multi-million paydays for the founders? Yeah, way below Dropbox's valuation, but still significantly more money than I expect to ever be a party to.
  • stingrae 9y ago
    Not necessarily. It depends on how much they raised, since investors get preferred stock.
  • 3pt14159 9y ago
    I said less than $100m. I don't know how much the acquisition was for, but I know it's less than that.
• DSingularity 9y ago
  Why did you remove it? Here is how I see it. 1) He wasn't straightforward -- i.e. he didn't outright say "we are already funding an idea similar/identical to yours " but I wouldn't call him a liar. 2) Who knows what his intentions are. Maybe he wanted to eliminate competition. Maybe he saw the dropbox team ahead/better-positioned and wanted to save these new applicants the time. But put yourself in his shoes. What would/could you do? The only other option was to accept them and merge them with dropbox team... but its not clear that this is a good idea or even an option acceptable to the dropbox team.
  • 3pt14159 9y ago
    Because someone who is otherwise very busy privately questioned the veracity of it. From a bayesian perspective I decided that it changed how certain I was of the stories I heard from the founders. I know I heard a story that was essentially as I originally wrote it, because it was repeated a number of times, I'm just not sure about how embellished it was. So given my new uncertainty I decided to remove it.
    • DSingularity 9y ago
      Update them priors!