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by x0x0
4275 days ago
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To be fair, I think Andreessen only got a couple hundred million (3% on an $8.5B acquisition [1]). But while pmarca says he recused himself, the whole thing reeks. Though don't forget what is actually the far far bigger failure. When that idiot Meg Whitman acquired skype in 2005, she acquired skype but not the underlying tech (Joltid), then fucked the founders on an earnout. So there was tons of bad blood, and they were declining to relicense their p2p tech to skype. You can read all about it [2] and elsewhere. That, plus some other stupid stuff, made ebay give the founders 30% of the company back for $160m. I don't think Andreessen was on the board for the initial acquisition, but what idiocy. It's hard to believe a reasonable technical person was involved in the initial acquisition. Where the hell was the board? The point is, it's hard to say ebay has had competent executive leadership or a board for a while. [1] http://www.bloomberg.com/news/2014-03-03/ebay-andreessen-ref... [2] http://mashable.com/2009/11/06/skype-lawsuit-settled/ |
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