4 ms·
$2.2MM is probably peanuts compared to what they would have made in an acquisition, you'd have to figure that any acquisition price would be far north of $8MM.
by lemming 14y ago
$2.2MM is probably peanuts compared to what they would have made in an acquisition, you'd have to figure that any acquisition price would be far north of $8MM. I'm perversely glad they didn't take it, it's great to see people really dedicated to actually starting a viable business, but frankly I'm surprised. I'd like to think I'd make the same choice but I'm not sure, especially if I were the founder. Still, kudos to them.
- mseebach 14y agoSee the chart here: http://blog.asmartbear.com/wp-content/ss-images/lifestyle-versus-cash-in-bank.png http://blog.asmartbear.com/wp-content/ss-images/lifestyle-ve... from http://blog.asmartbear.com/rich-vs-king-sold-company.html http://blog.asmartbear.com/rich-vs-king-sold-company.html
- switz 14y agoLet's not forget that these are the guys behind MacHeist and plenty of VERY successful apps. They've turned their loyal MacHeist users into a social marketing platform for their apps. They have plenty of capital.