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Dreaming. If you can snap up a team of smart developers for $1M cash each + $200k/year salary for 4 years, that can have a large impact on your product road map
by pclark 16y ago
Dreaming. If you can snap up a team of smart developers for $1M cash each + $200k/year salary for 4 years, that can have a large impact on your product road map.
Say you're, for example, Apple looking to push out iOS 4.1 for iPad, and you acquired a Mac dev studio of 30 talented people for $60M - that can have a large impact (eg: bring forward your road map by 6 months) for the next few years.
Another example might be Facebook acquiring FriendFeed, Brett went on to be CTO - are you seriously saying that isn't a talented and valuable acquisition for that talent? $50M is a drop in the ocean for companies turning over billions.
Also saying ideas/talent can't be acquired when they took a "minority private equity investment" from Jeff Bezos for:
> ... the wisdom of a very special entrepreneur who’s been through what we’re going through. Someone who sees things a little differently and makes us feel right at home
If you're looking to create, say, a payment platform (Facebook Credits) maybe it makes sense to get the talent that has created a similar product (eg: TipJoy)
Also Apple acquiring NeXT and Steve Jobs becoming CEO and transforming the company - sure there was tech, but you know ...
- joshuacc 16y agoWhile I agree that the post overstates DHH's point, the Bezos investment isn't relevant. The first line is "When it comes to acquisitions..." He's talking about businesses being acquired, not a minority investment.
- deleted 16y ago[deleted]
- javery 16y agoUmm, it says David as the author and DHH responds later in the post.