4 ms·
IMHO the biggest way to look at this is compared to AOLs normal revenue and valuation. AOL did just over 2B in revenue last year, and is currently valued at a
by cagenut 15y ago
IMHO the biggest way to look at this is compared to AOLs normal revenue and valuation. AOL did just over 2B in revenue last year, and is currently valued at a bit under 2B (well, for the next 8 minutes). To raise 1B in cash in a patent sale just gained Tim at least a full year if not two of runway to complete his turn around plan.
- rbanffy 15y agoOr to fail and still retire filthy rich. When the reward for failure is more than you need to comfortably retire, what's the rational incentive to succeed?
- vladd 15y agoHe could have retired filthy rich when he left Google. Money is not everything for people like him, and even when it is, often it's about sustainability and providing long-term for his dear ones. A one-time payment which screws his monthly income and his resume at the same time doesn't fit at all in this picture.