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Max still made about $40M personally on Slide. The real loser in that acquisition is Google. I think the VC scene in the Silicon Valley is becoming more and mor
by cft 16y ago
Max still made about $40M personally on Slide. The real loser in that acquisition is Google. I think the VC scene in the Silicon Valley is becoming more and more screwed up (becoming more resume/track record, rather than innovative product focused), and the Silicon Valley will pay dearly for this.
- nir 16y agoThat's what happens in a hype-driven market - when startups aren't expected to make real money (eg Twitter's evaluations vs income) decisions are made based on hype, which is influenced by track record, celebrity status, media attention etc. All publicity is good publicity for Color right now and following Slide's lead is exactly what it's meant to do.
- wtn 16y agoI don't see how SV or innovation will suffer greatly. People who don't have the nice VC connections can bootstrap and make it to profitability. The people who stand to lose are VCs and their accredited investors. Legitimate companies with actual revenues should be able to get funding even if the VC funds leave. One downside is that VC money is determining where the software developers go, which could lead to suboptimal allocation of skilled labor. However, some of these heretofore unprofitable ventures provide real value to the public (ie Twitter).