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by dbg31415
408 days ago
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> June 2021: Stack Overflow sold for $1.8B to private equity investor, Prosus. In hindsight, the founders – Jeff Atwood and Joel Spolsky – sold with near-perfect timing, before terminal decline. Hey, if it all crashes and burns, at least it’s the so-called smartest guys in the room going down with the ship. Just a bunch of VCs learning the hard way that they had no idea how to actually run or grow the company they bought. “Look at how well we optimized it!” Yeah — right into the ground. |
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