5 ms·

"We are sooooo filthy rich now. So long suckers!" I'd be more honest =)

rattray 12y ago
Except 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 12y ago
  This 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 12y ago
They worked hard for that, didn't they?
- bambam12897 12y ago
  Definitely! 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 12y ago
    Your assumption is not very realistic.
  - jmathai 12y ago
    For 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 12y ago
      A down payment on a house in the Peninsula is going to likely cost more than a Ferrari or Lamborghini
- pearjuice 12y ago
  I 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 12y ago
  I'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 12y ago
    Yes!
  - m3rc 12y ago
    Yeah 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.
    - ryandrake 12y ago
      Well, if hype and vapor is what's getting bought, you might as well try to produce and sell it.
      - m3rc 12y ago
        And yeah, that'd be what I don't like about startup culture. I went into software development, not marketing.
  - paulbaumgart 12y ago
    They 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 12y ago
If oculus would have done this i would have had a way more respect for them.

Except 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 12y ago
This 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 12y ago

They worked hard for that, didn't they?

bambam12897 12y ago
Definitely! 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 12y ago
  Your assumption is not very realistic.
- jmathai 12y ago
  For 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 12y ago
    A down payment on a house in the Peninsula is going to likely cost more than a Ferrari or Lamborghini
pearjuice 12y ago
I 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 12y ago
I'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 12y ago
  Yes!
- m3rc 12y ago
  Yeah 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.
  - ryandrake 12y ago
    Well, if hype and vapor is what's getting bought, you might as well try to produce and sell it.
    - m3rc 12y ago
      And yeah, that'd be what I don't like about startup culture. I went into software development, not marketing.
- paulbaumgart 12y ago
  They 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 12y ago

If oculus would have done this i would have had a way more respect for them.