7 ms·
Honestly, what else are you going to write?
by EC1 13y ago
Honestly, what else are you going to write?
- wwwwwwwwww 13y ago"We finally convinced some sucker to buy our worthless revenue-less startup for a trillion dollars. See you in vegas!"
- bambam12897 13y ago"We are sooooo filthy rich now. So long suckers!" I'd be more honest =)
- rattray 13y agoExcept they're probably not... Not all the acquisitions of this sort are "you're filthy rich now", especially after dilution, taxes, and plain old time.
- jebblue 13y agoThis is very true, the new Silicon Valley show Episode 1 is free on YouTube (son clued me in) but that isn't how acquisitions always work out, the word dilution rings loudly.
- sidcool 13y agoThey worked hard for that, didn't they?
- bambam12897 13y agoDefinitely! I'm just being realistic - These press releases are basically the tea ceremony everyone is expected to perform. If you just made several mil I honestly doubt you're thinking about making the "transition as smooth as possible". You're thinking "should I buy a Lambo or a Ferrari?" They probably got a memo from Dropbox saying "now that we own your ass, here is a press release that you'll publish asap"
- monokrome 13y agoYour assumption is not very realistic.
- jmathai 13y agoFor something like this it's more like "perhaps i can put a down payment on a house after my stocks vest and i pay taxes".
- ryandrake 13y agoA down payment on a house in the Peninsula is going to likely cost more than a Ferrari or Lamborghini
- pearjuice 13y agoI don't know what Whatsapp, Instagram and the like their hourly rates are, but I doubt it adds up to the billions the got.
- calinet6 13y agoI'm tired of this "they worked hard for that" BS with acqui-hires and shutdowns. Yeah, sure, they worked hard, but in the end they get a big fat F for the end result. Services don't last forever, but I'm not gonna congratulate someone who runs around in circles for 3 years purporting to deliver a product of value, and then gives up when offered a better deal for themselves. They didn't build a product, they built a nothing. It's like reverse vaporware, and I won't respect it.
- karpodiem 13y agoYes!
- m3rc 13y agoYeah this is my main problem with the way "startup culture" seems to work. There's a lot of people in my university really pushing people to start their own businesses, but the general reasoning just seems to be "come up with something, advertise so that you get bought out, take the money". There's no emphasis on actually making anything, just on drumming up hype for an idea and selling that.
- paulbaumgart 13y agoThey proved that they can build products. That makes them very valuable to companies with more money than time. It's a significant career success, if perhaps not quite a business success. And we can congratulate them for that.
- 1ris 13y agoIf oculus would have done this i would have had a way more respect for them.
- badman_ting 13y agoRight, this observation amounts to "people who are all in similar situations say similar things". Whoop-de-doo.
- patmcguire 13y agoYeah. I've never heard a wedding speech that wasn't a mishmash of cliches, but I've also never heard one that wasn't sincere.
- chiph 13y ago"Look for us on episode 6 of Silicon Valley, with Kid Rock guest-starring."