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you missed "so early". They could have sold it for twice the price if they grew little bit more and become bigger competitor. Like all decisions, no selling a c
by 31reasons 13y ago
you missed "so early". They could have sold it for twice the price if they grew little bit more and become bigger competitor. Like all decisions, no selling a company is also an investment decision. Do you want to invest in founders who sell within 3 years or someone who grow the company much bigger in 10 or 15 years ?
Mark Zuckerberg was offered $1 billion dollar by yahoo when no one even heard of facebook and he declined the offer.
If you want to call it "Utter nonsense" its your choice.
- toyg 13y agoYeah, and how much were the Foursquare guys offered at one point? And the various groupon sites? Lots of people end up kicking themselves for not flipping a company when the going was good. Lanyrd has had a good run, all considered.
- larrys 13y agoAgree. Gambling. Ignoring the downside risk of something can be a huge mistake. It's one thing to pass up selling your macbook and oops they just released an updated model now I will get $300 less on ebay. Another thing to pass up a billion dollars for a company no matter what you think the future is. Or for that matter any large amount of money for your company.
- mandeepj 13y agoJust for your note - Yahoo decreased the offer to $700-$800 million after few days and that was one of the reasons why Zuck declined their offer.