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Plus, it's not all that common for senior management to face any sort of punishment for acquisitions that go bad.
I feel this would be an appropriate subject for a Dilbert comic. Storyline is that someone accidentally left the dot out of $300000.00 to make it $30000000 and then everyone else went along with it for fear of looking stupid.
A decimal point? I always mess up some mundane detail!
I feel this would be an appropriate subject for a Dilbert comic. Storyline is that someone accidentally left the dot out of $300000.00 to make it $30000000 and then everyone else went along with it for fear of looking stupid.
A decimal point? I always mess up some mundane detail!
Never really understood why Summly got so much press to begin with. Isn't it just Flipboard with a slightly different UI
Everyone now knows about this app. For $30000000 they pulled off the best marketing campaign ever.
Where is this information coming from? Is this back and forth a fictional tale or actually what happened?
Same question -- how does this individual know that their team only passed 2/5 interviews, and what the back and forth negotiations were. It seems to me they're either making this up, or they are sharing info that I'd guess is going to make Yahoo fairly annoyed.
That doesn't necessarily mean the other three failed the interviews - maybe they don't want to work for Yahoo.
"Summly is backed by several investors, including Horizons Ventures, Ashton Kutcher, Betaworks, Brian Chesky, Hosain Rahman, Joanna Shields, Josh Kushner, Mark Pincus, Matt Mullenweg, Stephen Fry, Troy Carter, Yoko Ono and many more."
Not exactly a teen-programmer-in-mother's-basement story...
Earlier quoted context omitted.
With 17? Hardly.
Wait til you are 60. Then you will start saying "With 25/30/35 hardly". He just sold a company at the age of 17 to a huge corporation for a truck load of money. Unless he's got loans up to his ears I reckon he must be a lot smarter at business than I am.
Most certainly I will laugh at my naive 30year old self. But that doesn't mean I'm not allowed to reflect about maturity levels of teenagers.
> He just sold a company at the age of 17 to a huge corporation for a truck load of money. Unless he's got loans up to his ears I reckon he must be a lot smarter at business than I am.
Well, I don't want to come off as a too negative but word is that his parents' money helped at least a little with generating Buzz. Now nothing against that - he used every possibility he had. But don't call yourself bad at business when you don't have that kind of resource available to you. With the right connections you can sell a bunch of photo filters for $1 billion nowadays. And without you have to work off your ass to become ramen profitable.
Everyone now knows about this app. For $30000000 they pulled off the best marketing campaign ever.