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http://www.paulgraham.com/googles.html http://www.paulgraham.com/googles.html "Tip for acquirers: when a startup turns you down, consider raising your offer, b
by wumi 18y ago
http://www.paulgraham.com/googles.html http://www.paulgraham.com/googles.html
"Tip for acquirers: when a startup turns you down, consider raising your offer, because there's a good chance the outrageous price they want will later seem a bargain. [1]
From the evidence I've seen so far, startups that turn down acquisition offers usually end up doing better. Not always, but usually there's a bigger offer coming, or perhaps even an IPO."
- menloparkbum 18y ago"Usually" is the key phrase. The first startup I worked for turned down an $50M acquisition offer when we only had 15 employees and no funding. Everyone up to employee 10 would have made at least a million dollars off of the deal. 2 years, $20M of investment and 150 employees later, the company was "sold" for peanuts in a deal where the VCs folded us into another portfolio company and nobody got anything.
- davidw 18y agoIIRC, Linuxcare turned down a few offers when it was still 'hot'. I don't think they were very good offers, but it still turned out to be a mistake.