[venomsnake]

The rumors in Sofia were that the company was going downhill. This seems to confirm it.

I really tried to like their products. Didn't managed. And they flooded the market with half trained "developers" from their academy.

[gchokov]

And how exactly is 263M for 10 years "going downhill"?

[venomsnake]

Its called aquihire. Its also one seventh tumblr and rounding error of whatsapp.

[gchokov]

Which prove what kind of value? Oh wait, I know. Cats pictures and yet another chat app. #Sigh I really hope that all these overpriced startups which provide zero value and plans for "ads revenue" get what they deserve, and then we'll speak about "value" at all.

[x1024]

Every large number sounds impressive, don't get yourself caught in that mind-trap. Divide the number by their employees, check earnings/winnings, subtract investments, compare to other companies and draw your conclusions again.

If I make $1000000/year, that's great. But if it takes me 1000 people to do it, that's less than $100 per person per month.

[rational-future]

It was bootstrapped, from what I know the original 4 founders used to own 80% of the company a year or so ago.

[x1024]

What you know is false, sorry.

[llcoolv]

And what if they started with 4 and ended up with a 1000?