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Agreed it's bizarre from Facebook's perspective. But completely logical from Oculus' perspective -- if someone offers you $2B to cash out before you've even la
by pdq 13y ago
Agreed it's bizarre from Facebook's perspective.
But completely logical from Oculus' perspective -- if someone offers you $2B to cash out before you've even launched, you'd be silly to say no.
- jmathai 13y agoI can't say I'm the type of founder to say no but I'm glad they exist. They're the ones who disrupt entire industries.
- reportingsjr 13y agoDoes it really always have to be about money? This is just stupid.
- Mz 13y agoTry having none for a while. It's hard to stand by "principles" when you aren't eating. A lot of people are very, very afraid of stuff like that, even if they have not suffered in a long time or never really, truly suffered but maybe their parents grew up hungry and instilled in them terror of doing without. I mean, some folks stand by their principles. But, seriously, it's not easy.
- neotek 13y agoOculus wasn't exactly starving for cash, and even if they were investors would have beaten each other to death for a chance to pour some cash into it.
- deleted 13y ago[deleted]
- deleted 13y ago[deleted]
- devindotcom 13y agoNow that is the mentality that's killing companies.
- krick 13y agoWell, this is the mentality that's allowing somebody have 2B in cash now…
- a1a 13y agoSay that to Elon Musk. Imagine the inventors using this money in the same way Musk did. If they do (or at least try) I'd say humanity comes out on top - even though this killed our dream of VR in the near future.
- crassus 13y agoHow many Elon Musks are there? Most billionaires seem to spend their money on fancy yachts and high-profile charity projects that make them look superior to their peers. Few are deploying their resources to push the technological envelope.
- dustyleary 13y agoAlthough I don't agree with you about their motives (wrt just trying to look superior to their peers), I won't argue that point. But even if you think their motives behind the charity are selfish, don't discount the effects. How many Einsteins, von Neumans, Ramanujans, or Musks (pick your genius of choice, really) are stillborn in the developing world because of malaria or HIV? How many never achieve their potential because of malnutrition or polio? If the Gates Foundation eradicates malaria and polio, and we get a few more world-changing geniuses out of it, they'll have done much more to push the technological envelope than any other endeavor.
- MrScruff 13y agoI'm not going to argue that eradicating malaria is a bad thing, but it's inaccurate to infer that the only thing preventing the worlds extreme poor from being leaders of industry is good health.