Just to further extend this point, I feel that PG's comment - "closed -> negotiated" - hasn't gotten enough attention. Think about this. Not only Zuck changed

Just to further extend this point, I feel that PG's comment - "closed -> negotiated" - hasn't gotten enough attention. Think about this. Not only Zuck changed the rules on control (taking as much power as he could in his hands), he's also changed the way M&A talks are conducted, thereby helping all of us who are still working towards our first billion. Think how often you hear stories of M&A deals fall through because large companies end up screwing entrepreneurs. Now, if the new standards for negotiation is 3 days, more people would be able to sleep at night. After all, you can now confidently go in, name a price, negotiate on it for an hour, and then close and go one with your life, building a stronger company. Isn't it what you'd want anyway?