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Sometimes VCs force rising companies to buy declining companies in their portfolio. Though I don't see common investors in their crunchbase profile, the incest
by ojbyrne 16y ago
Sometimes VCs force rising companies to buy declining companies in their portfolio.
Though I don't see common investors in their crunchbase profile, the incestuousness of Silicon Valley cannot be underestimated.
e.g. Redhat bought the wreck of Ars Digita.
- jmtulloss 16y agoWhy would you make this claim about this deal? It's completely unfounded and the obvious explanation of "their engineers are awesome" seems perfectly adequate.
- dotBen 16y ago"Sometimes".. maybe so. I don't see anything here that suggests that is the case. A more likely explanation is Flock ran out of money/gave up in competition with RockMelt - and Zynga bought up the assets instead so that everyone got something as a return, however small, rather than see the company wound up.
- ojbyrne 16y agoIsn't that the exact same thing?