3 ms·
*Some* VCs will invest and play off this, knowing they can run up the price by starting a bid war. How it plays out. VC: Hey Oracle, did you hear salesforce w
by bushbaba 4y ago
*Some* VCs will invest and play off this, knowing they can run up the price by starting a bid war.
How it plays out.
VC: Hey Oracle, did you hear salesforce wants to buy XYZ Startup for 1M, you want to counter?
Oracle: Screw Benioff. I'm in for 2MM.
VC: Hey Salesforce, thanks for the first call. Oracle wants to buy XYZ startup for 4M, you want to counter.
Salesforce: Those devils, I'll do 5M.
....
VC continues the game until they've hit the ceiling or are about to, and walks away with a ton of cash.
- kenneth 4y agoI wish I had this much clout as a VC but I'm sad to report that it doesn't quite work out like this at all.