5 ms·

"Google bought my first startup today. I learned to make stuff here on proggit."

67 points by sadiq 16y ago

psawaya 16y ago
There's some serious sour grapes in that thread. I'm disappointed in you, reddit.
- etm117 16y ago
  I agree, a very hateful thread when the guy was just thanking the community for the help and ideas/motivation they gave him. With that said, I think I agree with the less hateful comments that Google bought the programmers behind the startup, not the product itself (though that was a bonus). Kind of like PG and others focus on the founders themselves as much if not more than their current product idea.
- cal5k 16y ago
  This is the primary reason I left reddit for HN many moons ago.
vaksel 16y ago
that post is severely lacking in information all you learn about, is the founder's age, location and a short description of what the site did. For a reddit post, I was expecting details on how they got the deal, traffic numbers etc.
jacquesm 16y ago
From now on whenever I read a 'google bought my startup' and there is neither mention of the amount nor of the products projected path post acquisition I'm going to assume it's a talent acquisition, possibly with a signing bonus masquerading as a buy-out. Anything over a few hundred K deserves the benefit of the doubt. If your service gets shut down after the acquisition that's not a good indicator that they bought the startup, that's an indicator that they bought you. In a proper acquisition the team and the product matter, and the product will not normally be discarded after taking over (there are some exceptions to that, but this is not one of those by the looks of it). In this case, the acquisition was for an undisclosed amount, the TC article guesses $6M but why is not detailed. http://techcrunch.com/2010/10/08/google-confirms-acquisition-of-everything-is-the-best-plannr/ http://techcrunch.com/2010/10/08/google-confirms-acquisition... So, I'm curious if plannr will be shut down or will be allowed to continue and develop. The fact that "Having met at Stanford, Eidelson will be Product Manager and Prado will be Software Engineer of a new project they declined to mention at Google." does not bode well for plannr, after all with the two founders working on other stuff it might not survive for long. Possibly a team of googlers will take over the running of the site or maybe it will be integrated in to other google services.
- DanielBMarkham 16y ago
  Good point. Even if you do sell for lots of money, and even if Google keeps your startup running, from Google's standpoint it still might be a talent acquisition. Lots of folks dream of selling out to Google. Little do they realize that once they flip the startup, they're usually Google employees. Not exactly the end-state they might have had in mind when they began.
  - nostrademons 16y ago
    For many people, being a Google employee with a few M (or even a few hundred K) in the bank is a pretty darn good end-state...
    - DanielBMarkham 16y ago
      Agreed. But even then, where you end up might be very different than where you were heading.
- raffi 16y ago
  Yeah yeah. I hope it wasn't a technical acquisition, because then obviously this guy was a failure and no where near as cool as rockstar dot com bazillionaires like you. Following HN rules, if we were face to face, I would say this to you. That said, either way, congratulations to the guy. It takes a lot of work to develop something that interests anyone (whether it's our users, Google, or someone else). Maybe his next one will be worthy of your appreciation and congratulations. Then again, entrepreneurs learn early on that they can't and should not try to please everyone.
  - jacquesm 16y ago
    I'm not congratulating them because there is no information that will make it plain if this is a real acquisition or if these guys just got a job. If and when that comes out it will be time enough (and if they just got a job, then, of course, congratulations are still in order, but if that results in their start up being shut down then somewhat less so). > I hope it wasn't a technical acquisition, because then obviously this guy was a failure and no where near as cool as rockstar dot com bazillionaires like you. You seem to have a completely wrong impression of me, if you feel like discussing that further feel free to email me, address in my profile.
kjksf 16y ago
All those acquisitions for talent made me think that a good business model would be to simply develop a clone of such a purchased-but-discontinued product (and of course keep developing it). After all if you believe Lean Startup ideas, the biggest problem that a startup faces is an idea that has not been vetted by costumers. I assume that even though those startups don't have products that are interesting enough for Google to keep working on them, in order to get noticed (and eventually bought) those startups had to show solid traction numbers so those ideas are already vetted by costumers. The biggest startup risk has been removed. All that's left is good execution. It might not be a good business for Google, but could be a good business for a small team.
- waterlesscloud 16y ago
  Foursquare agrees with you.

67 points by sadiq 16y ago

psawaya 16y ago

There's some serious sour grapes in that thread. I'm disappointed in you, reddit.

etm117 16y ago
I agree, a very hateful thread when the guy was just thanking the community for the help and ideas/motivation they gave him. With that said, I think I agree with the less hateful comments that Google bought the programmers behind the startup, not the product itself (though that was a bonus). Kind of like PG and others focus on the founders themselves as much if not more than their current product idea.
cal5k 16y ago
This is the primary reason I left reddit for HN many moons ago.

vaksel 16y ago

that post is severely lacking in information all you learn about, is the founder's age, location and a short description of what the site did. For a reddit post, I was expecting details on how they got the deal, traffic numbers etc.

jacquesm 16y ago

From now on whenever I read a 'google bought my startup' and there is neither mention of the amount nor of the products projected path post acquisition I'm going to assume it's a talent acquisition, possibly with a signing bonus masquerading as a buy-out. Anything over a few hundred K deserves the benefit of the doubt. If your service gets shut down after the acquisition that's not a good indicator that they bought the startup, that's an indicator that they bought you. In a proper acquisition the team and the product matter, and the product will not normally be discarded after taking over (there are some exceptions to that, but this is not one of those by the looks of it). In this case, the acquisition was for an undisclosed amount, the TC article guesses $6M but why is not detailed. http://techcrunch.com/2010/10/08/google-confirms-acquisition-of-everything-is-the-best-plannr/ http://techcrunch.com/2010/10/08/google-confirms-acquisition... So, I'm curious if plannr will be shut down or will be allowed to continue and develop. The fact that "Having met at Stanford, Eidelson will be Product Manager and Prado will be Software Engineer of a new project they declined to mention at Google." does not bode well for plannr, after all with the two founders working on other stuff it might not survive for long. Possibly a team of googlers will take over the running of the site or maybe it will be integrated in to other google services.

DanielBMarkham 16y ago
Good point. Even if you do sell for lots of money, and even if Google keeps your startup running, from Google's standpoint it still might be a talent acquisition. Lots of folks dream of selling out to Google. Little do they realize that once they flip the startup, they're usually Google employees. Not exactly the end-state they might have had in mind when they began.
- nostrademons 16y ago
  For many people, being a Google employee with a few M (or even a few hundred K) in the bank is a pretty darn good end-state...
  - DanielBMarkham 16y ago
    Agreed. But even then, where you end up might be very different than where you were heading.
raffi 16y ago
Yeah yeah. I hope it wasn't a technical acquisition, because then obviously this guy was a failure and no where near as cool as rockstar dot com bazillionaires like you. Following HN rules, if we were face to face, I would say this to you. That said, either way, congratulations to the guy. It takes a lot of work to develop something that interests anyone (whether it's our users, Google, or someone else). Maybe his next one will be worthy of your appreciation and congratulations. Then again, entrepreneurs learn early on that they can't and should not try to please everyone.
- jacquesm 16y ago
  I'm not congratulating them because there is no information that will make it plain if this is a real acquisition or if these guys just got a job. If and when that comes out it will be time enough (and if they just got a job, then, of course, congratulations are still in order, but if that results in their start up being shut down then somewhat less so). > I hope it wasn't a technical acquisition, because then obviously this guy was a failure and no where near as cool as rockstar dot com bazillionaires like you. You seem to have a completely wrong impression of me, if you feel like discussing that further feel free to email me, address in my profile.

kjksf 16y ago

All those acquisitions for talent made me think that a good business model would be to simply develop a clone of such a purchased-but-discontinued product (and of course keep developing it). After all if you believe Lean Startup ideas, the biggest problem that a startup faces is an idea that has not been vetted by costumers. I assume that even though those startups don't have products that are interesting enough for Google to keep working on them, in order to get noticed (and eventually bought) those startups had to show solid traction numbers so those ideas are already vetted by costumers. The biggest startup risk has been removed. All that's left is good execution. It might not be a good business for Google, but could be a good business for a small team.

waterlesscloud 16y ago
Foursquare agrees with you.