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And yet on the front page we have an article about how tech got so big through acquisitions. It seems likely that among the hundreds of companies that were acqu
by Leherenn 5y ago
And yet on the front page we have an article about how tech got so big through acquisitions. It seems likely that among the hundreds of companies that were acquired, there were at least some that had novel ideas those thousands of people didn't think of or didn't execute, and that's why they bought them. It can't be just to remove competitors or acquire talents. I would argue something like Instagram fits the bill.
Now again, I'm not saying the idea of just going to a FAANG and saying "I've got a good idea, hire me and give me resources" is going to work. I agree with you on this, the chance here is 0. I'm just saying that it might be arrogant, it's likely the OP doesn't have such a brilliant idea, but history shows it is possible to have a good novel idea that matters to those companies.
- smt88 5y agoAn acquisition proves only that the acquirer needed to hire people, needed customers/users, wanted to kill a competitor, or didn't want to execute a business model. It doesn't say anything about whether, during the hundreds of millions of person-hours of work that they buy every year, those companies failed to come up with an idea. The startup world is mostly a oroving grouns for execution, not ideas. Successful companies are almost never novel. There is usually an earlier competitor that failed.
- deleted 5y ago[deleted]