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Poor 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
by mattmaroon 14y ago
Poor 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?