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Interesting... Are you measuring by the number of users or revenue?
by davetong 15y ago
Interesting... Are you measuring by the number of users or revenue?
- callmeed 15y agoNot measuring. A "home run" to me is an exit, not a huge round at a huge valuation. But maybe it was an exit for YC/early investors, I don't know.
- staunch 15y agoDropbox took in $250 million cash for 6% of the company. Heroku took in $240 million cash for 100%.
- wlievens 15y agoAnd as soon as Dropbox becomes liquid, it will certainly be the biggest homerun.
- seunosewa 15y agoUnless it fails, of course.
- ridruejo 15y agoAt this stage it cannot "fail" in the traditional sense. Even if it enters a downward spiral, at any point in time it could be sold for the user base alone (and the price would still likely to be bigger than Heroku)
- 0x12 15y agoThat is a very dangerous attitude. The moment you think you are too big to fail you are more at risk than at any stage before then. Dropbox could still fail overnight. It would have to be a bad set of circumstances but they're definitely not out of the woods yet. Remember Blockbuster?
- ridruejo 15y agoBlockbuster has nothing to do with this. That was a failure in the traditional sense. I never argued that somebody is "too big to fail". The parent poster argued that if Dropbox failed, it would not be a big homerun. What I argued is that even if Dropbox valuation failed by say, 90% and it got sold, it would still net around 500MM. That would be a failure for the latest investors, but definitely still a heck of a success for YC (I am disregarding purposedly here liquidation preferences, etc, but you get the idea)
- Hisoka 15y agoCould DropBox just decide to say screw you to everyone and not be liquid? I don't think the founders would have a problem receiving a nice amt of salary every year, have something fulfulling to work on everyday, and not have to answer to a boss, whether it's a parent company or Wall Street... I mean, there's NO guarantee they will be liquid if the company succeeds, right?