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> Their plan is to grow until they dock with the Deathstar. If that was their plan, then I would think that $3B would be enough for them to drop anchor. As a
by mkolodny 13y ago
> Their plan is to grow until they dock with the Deathstar.
If that was their plan, then I would think that $3B would be enough for them to drop anchor.
As a zero-revenue company, I would only deny that payday if either:
1) I believed that my company had the potential to be its own Deathstar.
2) I disliked the company that made the offer so much that I had nightmares about them owning my company.
3) I cared more about my company than the money.
- mathattack 13y agoHow about "4 - they think they can get a better offer"?
- ams6110 13y agoPigs get fat. Hogs get slaughtered.
- mathattack 13y agoBy this argument I would have sold at 10 million.
- wensing 13y agoOr 4) I'm already so wealthy as a founder that's sold stock through multiple rounds of funding that I might as well wait for the $5B offer.
- dustingetz 13y ago4) he lost control and the board won't let him sell. Founder surely wants to sell. Unfortunately snapchat took $800M vc money, and his new VC bosses have completely different incentives to go for a long tail outcome. Which sucks because the founder is probably a lot more likely to get nothing than he is to get a huge exit and he knows it. Though as wengsing says he probably got a bunch of cash in prior rounds so maybe he doesn't really care.
- wensing 13y agoThe founder is surely already rich. The real losers in these cases are the employees with options. The outcome for them is very binary.