3 ms·
400 millions for a 3 person startup that don't even have a proper web-site and is not in wikipedia seems crazy. But then again Google knows a little more about
by aortega 13y ago
400 millions for a 3 person startup that don't even have a proper web-site and is not in wikipedia seems crazy. But then again Google knows a little more about future value than me.
- objclxt 13y agoI think you're mixing up two types of acquisitions here. There is a difference between Snapchat being worth $3 billion and Nest being worth $3 billion. The former gets the valuation based on users, the latter on talent and intellectual property. Ditto here: $400 million is not buying you users, it's buying you raw talent and IP. Users can go off to another service in a blink of an eye - IP can't (talent can, but you can often structure the deal so that it won't for some time). This could still be a terrible deal (I'm sure there are some people at Google still a little sore over Motorola, where the IP was valued far more than it ended up being worth), but for very different reasons.
- ForHackernews 13y agoYeah, obviously if they don't have a trendy iOS app and a twitter presence, they couldn't possibly be worth anything! /s