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Interesting, if unsurprising, to see that a large factor in the interest in YouTube was based purely on location, as well as knowledge of the people working the
by gnodar 5y ago
Interesting, if unsurprising, to see that a large factor in the interest in YouTube was based purely on location, as well as knowledge of the people working there, their backgrounds, and who specifically they were funded by.
Where you are and who you know often outweighs having the best product, features, etc.
- lumost 5y agoAll else being equal, Those closest to the money stream are the most likely to succeed.
- zeroxfe 5y agoThese very commonly considered success-probability multipliers and derisking factors -- at this stage, the makeup, expertise, and reputations of the individuals leading a company are the biggest success factors. Even if the acquisition fails, having a strong (and nearby) team adds a lot of value to the acquirer.
- wilsynet 5y agoI didn’t get that at all. They talked about the funding round as a signal for what the asking price might be, and then “Mike from Sequoia” because they know Mike and therefore know which partner at Sequoia to reach out to broker a conversation. As for location. Totally. It was likely critical. Disclosure: I work at Google.
- bloodyplonker22 5y agoThis was because, in the emails at that time, they thought it would be a 10-15M acqui-hire and to "block yahoo" purchase only.
- majani 5y agoYup. There are tons of brilliant Eastern European programmers who can testify to this