3 ms·

This is the same board that approved the Tumblr acquisition, presumably. So...a good board...?

• mvkel 2y ago
  For pennies on the dollar, and for a very specific strategy, which Mullenweg outlined pretty thoroughly. Did it work? No, but I don't know of any examples of an entrepreneur who bats 1000
• markx2 2y ago
  They approved the tumblr deal. Matt promised targets. Every target was missed and financially the deal was a failure. The board then stopped any further acquisitions. I would guess that texts / beeper were cheap and that Matt is looking at a very very long time to profit. He was once a fan of the 'pizza/team' ratio that Bezos/Amazon pushed, so maybe that's where he is looking.