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What a negative article. I disagree that any founder is "stupid" for not jumping on their first chance at life-changing money. By BusinessInsider logic, Face
by typpo 13y ago
What a negative article. I disagree that any founder is "stupid" for not jumping on their first chance at life-changing money. By BusinessInsider logic, Facebook should have been bought out by Friendster or Microsoft. Dropbox should have been acquired by Apple. There are other examples. This approach just encourages a "get rich quick" mentality, which is probably not the best way to create unique and impactful products.
- niggler 13y agoThe point is that turning down an acquisition is a gamble (past performance is no guarantee of future results). That's not "positive" or "negative". People remember the success stories but oftentimes don't think of the failures ("survivorship bias")
- bryanlarsen 13y agoI found it well balanced. They included several examples of people like Zuckerberg who turned down large amounts of money and were later proven correct.
- davefp 13y agoI found that it cast those cases as extremely rare, and that you shouldn't look to them as inspiration to turn down an offer.
- pyre 13y agoThe chance that you are 'Facebook' good is slim, even if you have a $100M offer. If you're ever in the position of deciding to accept/decline a $100M offer on your company, then you probably want to be realistic about your options, even if you decide to go with your heart.