5 ms·
Clever title. I will write a note to myself that if I am ever offered ~$6 billion for a startup I create, that I will happily take the offer.
by ronyeh 14y ago
Clever title. I will write a note to myself that if I am ever offered ~$6 billion for a startup I create, that I will happily take the offer.
- mattmaroon 14y agoPoor bayesian thinking. Facebook was probably offered similar amounts. And Google. If you're offered $6b for a startup there's probably a 50% shot you're worth much more.
- blahzo 14y agoDude... $6 billion. How much more can you possibly need?
- MDS100 14y agoMore.
- mattmaroon 14y agoIf that were the case you'd accept $10 million. The thing is you don't need it, but your VCs do. And if your startup is worth $6 billion, you've probably taken enough off the table that you don't even need that. So at that point why not just maximize?
- ceejayoz 14y agoThere's a lot of speculation that the deal fell apart because Groupon's business was rotten deep down, and that Google either had already realized this or was about to have to be told. I suspect with the accounting irregularities and the stuff I see lately as deals - laser eye surgery? toenail fungus removal? - that the $6B would never have gone through.
- K2h 14y agoThe laser eye surgery I received through a deal was first rate. I felt I got a steal for the price I paid and the excellent care. The merchant talked me out of purchasing through Groupon when I called for details and honored the coupon price after I had the free screening. Everyone 'won' but Groupon
- sjg007 14y agoThat's interesting since they doubled there money not paying Groupon, but still getting the customer.
- K2h 14y agoIt was an interesting sales pitch - they said something like 'it can take awhile to get the money refunded from groupon (1 month) if you don't pass the screening, but it is very unlikely you are not a candidate - you can pay through Groupon and get full refund if things don't work out, or you can pay at the front desk'. I chose the front desk as easier all the way around. I was shocked that the dollar amount I was quoted included tax (I'm in California). As for cost/profit - it sounds like base cost in the facility is around $300 / eye, as this is what I was quoted as a 'redo' if it wasn't working well at the 6 month period. so $1800 - $600 = alot of 'profit' from a customer. the overhead for groupon rate seems negligible compared to the cost of acquiring new customers.