5 ms·
That quote from Zuckerberg reminded me of when Groupon CEO refused to sell to Google for $6 billion... You can have all the view you want and believe in yourse
by borlak 14y ago
That quote from Zuckerberg reminded me of when Groupon CEO refused to sell to Google for $6 billion...
You can have all the view you want and believe in yourself -- but willpower doesn't equal success.
- redthrowaway 14y agoThe same thing sprang to my mind, but Groupon did hit $17.8B at its IPO. Any significant shareholders who cashed out then would have made off like bandits.
- tanzam75 14y agoYou can't always depend on market irrationality, though. VC firms became quite frantic during the market meltdown of 2008-2009. If a startup was burning cash, they told them to fire most of their staff. There was simply no exit possible -- either via IPO, or a sale to a larger company.