One article I read that always stuck with me was Peter thiel recalling the day Mark Zuckerberg turned down yahoos 1 billion dollar acquistion offer .
Thiel said he remembered saying, "We should probably talk about this. A billion dollars is a lot of money." They hashed out the conversation. Thiel said he and Breyer pointed out: "You own 25 percent. There's so much you could do with the money."
Thiel recalled Zuckerberg said, in a nutshell: "I don't know what I could do with the money. I'd just start another social networking site. I kind of like the one I already have."
This is probably how the SnapChat guys feel there is no different project down the road this is it and if you feel that way you never sell
I fail to understand how owning (a large chunk of) 3 Billion is less desirable than owning what another poster calls a teen messaging app. How passionate can an intelligent adult be about something like that (without thinking of the moolah)?
He (also) turned down google as well for someting like $8B, then got MSFT to invest in @$15B before taking it to $100B and an IPO. So this is a very good point.
yeah, but for every Facebook there are 1000's of other companies who should have taken the money. Like myspace perhaps. snapchat also doesn't have the depth that facebook has. I could see snapchat being omgpop just as easily as the next facebook or twitter. 3 billion? take the money man.
Thiel said he remembered saying, "We should probably talk about this. A billion dollars is a lot of money." They hashed out the conversation. Thiel said he and Breyer pointed out: "You own 25 percent. There's so much you could do with the money."
Thiel recalled Zuckerberg said, in a nutshell: "I don't know what I could do with the money. I'd just start another social networking site. I kind of like the one I already have."
This is probably how the SnapChat guys feel there is no different project down the road this is it and if you feel that way you never sell
http://www.inc.com/allison-fass/peter-thiel-mark-zuckerberg-...