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by MenaMena123
5207 days ago
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Buddy, you just described all these companies that were aquired, many are hyped and dont last sometimes thats the only option or move forward. Loopt was aquired doesnt mean it was a success. Look at the details, if a company gets aquired for 20 mil, but needs to pay the vcs and staff and themselves alot of times its a loss, not in every case. But yc hasnt had any facebooks or googles, maybe later but I dont see it yet. And I never said they wouldnt have success, many will, but I dont care if they get people from each continent, they can still be the same style and type from what I see. |
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Sure, a $XX Billion IPO would be awesome for them but they're investing $17k for 6% of the company at those levels, they can survive on small acquisitions etc.
Plus, your point of if a company gets acquired for $20M then it still can actually be considered a successful exit. You need to go and look how much they have raised etc most of those I listed had raised only a couple of million or less prior to acquisition.
Also I agreed with you regards to style and type they do look for a particular type of founder (as I highlighted earlier) one that is relentlessly resourceful http://paulgraham.com/relres.html