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$300M is too much for an acquire unless they are super AI scientists who have know-how that's worth a few billion. $30M - maybe. If they have 30 person team an
by jollybean 4y ago
$300M is too much for an acquire unless they are super AI scientists who have know-how that's worth a few billion.
$30M - maybe. If they have 30 person team and they are really good.
I remember that deal and it stunk. It feels like one of those pilfering Private Equity deals where someone is getting payback for something or the other.
- aabhay 4y agoDivide that price by the # of users and the $300M can make sense...
- jollybean 4y agoThey had 4M users, it's not enough unless it was growing hyperbolically, which it wasn't.
- Melatonic 4y agoOr it was to kill off the competition intentionally. They may have seen Zenly as a major threat at some point.