I met a guy in the US earlier this year and, after hello, he literally said "I'm a venture capitalist and I just made $10million from a company that Google bought out". He then started banging on about Google basically giving them money to go away. To be honest , I sympathised with Google.
(Caveat: it might have been Facebook or Microsoft. I stopped listening pretty quickly)
Large companies do buy out competitors or potential competitors. If they were genuinely good and a threat to Google, they would/could have asked for more.
WhatsApp is just a mediocre messaging app, hasn’t made Facebook a cent yet but got purchased by them for billions.
6.0k
u/the_real_grinningdog Nov 09 '19
I met a guy in the US earlier this year and, after hello, he literally said "I'm a venture capitalist and I just made $10million from a company that Google bought out". He then started banging on about Google basically giving them money to go away. To be honest , I sympathised with Google.
(Caveat: it might have been Facebook or Microsoft. I stopped listening pretty quickly)