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Are the sticking their noses up at a $3bn offer because they want more money in an acquisition (GroupOn), or because they have a compelling vision for the produ
by iambateman 13y ago
Are the sticking their noses up at a $3bn offer because they want more money in an acquisition (GroupOn), or because they have a compelling vision for the product (Tumblr)?
Because I HIGHLY doubt the good folks at Snapchat have a vision for their product that is so important that selling out would be wrong. It's snapchat. If it disappeared tomorrow, millions of people would shrug, and that'd be it.
Last time I heard about a big founder snub a gigantic offer, it was GroupOn...and well... http://business.time.com/2013/03/01/groupon-fires-ceo-andrew-mason-the-rise-and-fall-of-techs-enfant-terrible/ http://business.time.com/2013/03/01/groupon-fires-ceo-andrew...