The problem is simply that Ebay paid way more than Skype was worth. $90 million in annual revenues is a decent amount of money. Right, Skype would have been a

The problem is simply that Ebay paid way more than Skype was worth. $90 million in annual revenues is a decent amount of money. Right, Skype would have been a great deal at a lower price. But it's a case study that might give future acquirers of other startups pause, as the last paragraph suggests: "Here's a suggestion to every Internet executive: take a Post-It note, write 'EBay wasted $3 billion on Skype' and stick it to your monitor. Stare at it the next time some hot social whatever-2.0 company comes by and talks about growing fast and finding a revenue model later."