with good investors, entrepreneurs usually have a lot of leverage in sitautions like this as long as the board sees them as crucial to the company's success goi

with good investors, entrepreneurs usually have a lot of leverage in sitautions like this as long as the board sees them as crucial to the company's success going forward. so i wonder how much kevin pushed it. my 1990s startup got an early acquisition offer for $30M when their was only $400K in; the VC left it up to us, and we decided we wanted to build a company. a few years later we hit the wall and the board could have forced us to take a lowball offer but we decided to see it through and managed to turn things around. in the end with $16M invested, we sold to Microsoft for around $60M ... the investors were split, but the executive staff (including me) wanted to do the deal so after some discussion we did. we had great investors, of course; not sure what digg's board is like.