This is taking the word "exit" a bit liberally, but has YC sold any stock in later rounds of financing for companies like Dropbox and Airbnb?
OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
11–20 of 40 posts
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#12The name was changed from "iminlikewithyou" to "OMGPOP"? Wow, they really never planned on leaving the 10-12 year-old market.
If you can appeal to the 10-12 year old market you appeal to the whole world. Because who, really, considers themselves older than 10-12 on the inside?
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#13Earlier quoted context omitted.
Iirc, Zynga is public, so their stock is basically (almost) as good as cash in terms of liquidity.
That's orthogonal to what waxy said. Public stock can vest as well. The liquidity of the stock is only relevant at which point it vests. So, if, as suggested, ZNGA were to lose some percent of its value before the first cliff hits, the effective value of the transaction would that percentage of the sticker price in an all stock deal.
Would an investor in startup X accept vesting stock from company Y as a payment for their stock in company X? Surely for investors, the stock has to vest immediately (if it's paid in stock)... It doesn't make sense to try and "keep the investor around", does it?
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#14The name was changed from "iminlikewithyou" to "OMGPOP"? Wow, they really never planned on leaving the 10-12 year-old market.
You're attempting (and failing) to belittle a company which just sold for $200,000,000. They clearly had very broad appeal.
Sorry you're feeling a little jealous. Try not to let it show so much.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#15From one of the earlier days
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#16The name was changed from "iminlikewithyou" to "OMGPOP"? Wow, they really never planned on leaving the 10-12 year-old market.
My whole dorm played their games when they were iminlikewithyou.com. My friends never thought the name was childish, and it went with their cute art direction.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#17Any issues dealing with a Zynga and their business practices? Will the founders and later employees of OMGPOP be protected from Zynga's underhandedness (reported aggressive clawbacks)?
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#18Earlier quoted context omitted.
That's orthogonal to what waxy said. Public stock can vest as well. The liquidity of the stock is only relevant at which point it vests. So, if, as suggested, ZNGA were to lose some percent of its value before the first cliff hits, the effective value of the transaction would that percentage of the sticker price in an all stock deal.
Would an investor in startup X accept vesting stock from company Y as a payment for their stock in company X? Surely for investors, the stock has to vest immediately (if it's paid in stock)... It doesn't make sense to try and "keep the investor around", does it?
Yes, but it would make for a less impressive deal. OMGPOP being acquired for much less is plausible, so another kind of a less impressive deal is plausible too.
Zynga could go bust. Without being acquired OMGPOP could go bust. So the investor would have to weigh the risk.
I also think there would have to be some cash and/or stock that would be available right away, for it to be an enticing deal.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#19The article forgot about Reddit. Not sure what the terms were though.
reddit was one of the most undervalued sales of all time.