4 ms·
According to PrivCo [http://goo.gl/AW7GD http://goo.gl/AW7GD], here are all the payouts of the 1,100 mn: $286 mn: USV $231 mn: Spark Capital $253 mn: Davi
by sgpl 13y ago
According to PrivCo [http://goo.gl/AW7GD http://goo.gl/AW7GD], here are all the payouts of the 1,100 mn:
$286 mn: USV
$231 mn: Spark Capital
$253 mn: David Karp
$176 mn: Sequoia
$88 mn: Greylock, Insight Ventures, DFJ
$66 mn: Employees (6% of the 1,100 mn)
The math adds up to 71% of Tumblr being owned by VCs. Also Bloomberg reported that David Karp asked for as much stock as Yahoo would give him, because he sees himself working on Tumblr for the next few decades. It also reflects the sentiment that Marco Arment's blogpost yesterday expressed.
“This is something I’ve been building for the last seven years and hope employs me 30 years from now."
- jlgreco 13y agoThe notion of 30 year old websites seems incredibly alien to me, but I suppose there is no real reason why that should never happen.
- hkmurakami 13y agospeaking of which, what are some of the oldest web services that are still prominent today? iirc Amazon is approaching 20 years.
- noblethrasher 13y agoI enumerated several here: https://news.ycombinator.com/item?id=5740969 https://news.ycombinator.com/item?id=5740969. They're all between 14 and 20 years old.
- patio11 13y agoI empathize with that feeling, but would point out that if they were people, Intel would be getting yearly prostate screenings, Accenture would be retired, and Nintendo would be dead.
- jlgreco 13y agoOh, for sure. The web still feels so young though, but I suppose there is no reason these companies would not be able to move with technology as it dramatically changes, as the companies you mention have (particularly Nintendo).
- graycat 13y agoYes, but since Intel does seem to be still standing, they would pass a prostrate screening. However, they might want a prostate screening. Indeed, as I recall, Andy Grove did.
- orangethirty 13y agoGoogle would be entering puberty, Microsoft and Apple would be bowling buddies, Yahoo would be a college student with a major in a dead language, YC would be the guy everyone wants to be friends, eBay would be a flea market sales person, and Craigslist would be one of those 2-for-1 prostitutes. (:
- jbooth 13y agoAccenture would be in the witness protection program or jail.
- rdl 13y agoI'm sure people once felt the same way about the notion of "cars and planes made by companies and not gentlemen-adventurers".
- rmc 13y ago30 year tech companies do exist though. Apple & Microsoft for example.
- deleted 13y ago[deleted]
- josh2600 13y agoPlease note, PrivCo is super scandalous. Remember all the crazy crap they did to LivingSocial? http://pandodaily.com/2013/02/21/privco-may-be-wrong-but-livingsocials-ceo-is-still-sugarcoating-this-round/ http://pandodaily.com/2013/02/21/privco-may-be-wrong-but-liv... I don't trust them at all.
- pkmehta 13y agoWriters/editors from major techh publications don't seem to trust Privco's data or practices either it seems - https://twitter.com/MikeIsaac/status/336949975634296833 https://twitter.com/MikeIsaac/status/336949975634296833