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Last year's press release had quotes from Daniel Ek (Spotify) and Mary Meeker, and said: "Summly is backed by several investors, including Horizons Ventures, A

by scholia 14y ago

Last year's press release had quotes from Daniel Ek (Spotify) and Mary Meeker, and said: "Summly is backed by several investors, including Horizons Ventures, Ashton Kutcher, Betaworks, Brian Chesky, Hosain Rahman, Joanna Shields, Josh Kushner, Mark Pincus, Matt Mullenweg, Stephen Fry, Troy Carter, Yoko Ono and many more." Not exactly a teen-programmer-in-mother's-basement story...

wangarific 14y ago
Yahoo just paid $30mm for an unknown technology and a fresh face to parade around, they would appreciate it if you didn't start poking holes in the narrative. Thank you
- huhtenberg 14y ago
  Actually it now looks more and more like some sort of elaborate kick-back scheme for the investors. "Your YHOO stock has sunk below the waterline, so here's something to sweeten the pot."
  - tixocloud 14y ago
    I actually think this kinda makes sense. That or relationship building with the investors. Plus, Yahoo! hasn't been making any new waves for quite a while. They needed to make something happen somehow to get people excited. The founder might be brilliant and I could be wrong about this whole relationship building with investors to try and get attraction nonsense.
    - corresation 14y ago
      Plus, Yahoo! hasn't been making any new waves for quite a while. They've been making tonnes of Marissa Mayer waves. They're the New York Jets of technology.
  - gesman 14y ago
    Highly likely. The crowd sees only the tip of the iceberg and knows only what it allowed to know when it allowed to know.
- granitepail 14y ago
  So you're assuming they didn't do their due diligence? That they threw $30MM at a company they knew nothing about? Has anyone in this thread gone so far as to even try the product?
  - rhizome 14y ago
    I think the idea is that they threw $30MM at a company they knew a lot about, due to the investors behind it.
allsystemsgo 14y ago
Yoko Ono...?
samtp 14y ago
His dad is a commodities trader/energy financier at Morgan Stanley.

by scholia 14y ago

wangarific 14y ago

Yahoo just paid $30mm for an unknown technology and a fresh face to parade around, they would appreciate it if you didn't start poking holes in the narrative. Thank you

huhtenberg 14y ago
Actually it now looks more and more like some sort of elaborate kick-back scheme for the investors. "Your YHOO stock has sunk below the waterline, so here's something to sweeten the pot."
- tixocloud 14y ago
  I actually think this kinda makes sense. That or relationship building with the investors. Plus, Yahoo! hasn't been making any new waves for quite a while. They needed to make something happen somehow to get people excited. The founder might be brilliant and I could be wrong about this whole relationship building with investors to try and get attraction nonsense.
  - corresation 14y ago
    Plus, Yahoo! hasn't been making any new waves for quite a while. They've been making tonnes of Marissa Mayer waves. They're the New York Jets of technology.
- gesman 14y ago
  Highly likely. The crowd sees only the tip of the iceberg and knows only what it allowed to know when it allowed to know.
granitepail 14y ago
So you're assuming they didn't do their due diligence? That they threw $30MM at a company they knew nothing about? Has anyone in this thread gone so far as to even try the product?
- rhizome 14y ago
  I think the idea is that they threw $30MM at a company they knew a lot about, due to the investors behind it.

allsystemsgo 14y ago

Yoko Ono...?

samtp 14y ago

His dad is a commodities trader/energy financier at Morgan Stanley.