5 ms·
Rockmelt has (had) a very strong leadership team (founders were very successful in the 90s), and a number of strong engineers. It seems clear that this is an a
by chimeracoder 13y ago
Rockmelt has (had) a very strong leadership team (founders were very successful in the 90s), and a number of strong engineers.
It seems clear that this is an acquisition for talent, since they're shutting the product down with less than 30 days' notice.
For <$70MM, that could be a relatively cheap acquisition of talent that has proven their ability to make things (if not necessarily proven their ability to make a product that people want to buy - which is where Yahoo's responsibility and vision come into play).
- badclient 13y agoFor <$70MM (and for a company that raised $40MM), that could be a relatively cheap acquisition How much money Rockmelt raised says little about how good of a deal Yahoo received. The reverse may be true: Yahoo may have had to pay way more than the real value simply to ensure a return to the investors, not because it valued the company at the price paid.
- photorized 13y agoMany people were very successful in the 90s... It was way too easy, not necessarily an indication of talent or strong leadership.
- geargrinder 13y agoQuote from 20 years in the future: "Many people were very successful in the '10s... It was way too easy, not necessarily an indication of talent or strong leadership."