2 ms·
There were a lot of people in the deal, so it is not like he sold the company himself. Further, flip is extremely negative. VCs who do this for a living don't
by joshu 16y ago
There were a lot of people in the deal, so it is not like he sold the company himself.
Further, flip is extremely negative. VCs who do this for a living don't get very far.
I remember being lectured repeatedly about this. "are you building a company or a burger?"
Your use of terminology gives me the impression you have gathered your understanding from blog posts.
Standard disclaimer: I am both an investor in a16z and invested in them. Along with a number of other firms on both sides.
- blantonl 16y agoFlip is not "extremely negative." It is a reality in many business transactions. As I wrote in my parent post the term "flip" carries a negative connotation, but the end result is that someone took on a greater risk than the other guy to buy into a business with the sole purpose to resell their share at a greater value. Anyway you look at it, that is a flip. And I'm cool with that. Good for Ben.
- joshu 16y agoFlip implies selling quickly without adding much value. Skypr has publically been on an IPO path for a while, and that is no flip.