OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
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Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#2Is it a cash deal though? If not, it might take a few years until their stock vests and until than zynga might not be worth much. So i really hope it's at least 50% cash.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#3The name was changed from "iminlikewithyou" to "OMGPOP"? Wow, they really never planned on leaving the 10-12 year-old market.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#4Is it a cash deal though? If not, it might take a few years until their stock vests and until than zynga might not be worth much. So i really hope it's at least 50% cash.
Iirc, Zynga is public, so their stock is basically (almost) as good as cash in terms of liquidity.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#5Wow, great call by YC and patience by the founders.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#6Is it a cash deal though? If not, it might take a few years until their stock vests and until than zynga might not be worth much. So i really hope it's at least 50% cash.
Iirc, Zynga is public, so their stock is basically (almost) as good as cash in terms of liquidity.
Zynga is a publicly traded company. That being said, sometimes their are sometimes restrictions on when employees can sell their stock (i.e. a waiting period after acquisition).
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#7Is it a cash deal though? If not, it might take a few years until their stock vests and until than zynga might not be worth much. So i really hope it's at least 50% cash.
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.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#8The article forgot about Reddit. Not sure what the terms were though.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#9The article forgot about Reddit. Not sure what the terms were though.
Reddit was pretty low, I think. It was an undisclosed sum, but Reddit was not the internet juggernaut it is today.
Re: OMGPOP’s Sale to Zynga Is One of Y Combinator’s Biggest Exits To Date
#10The article forgot about Reddit. Not sure what the terms were though.
I believe reddit was sold for ~$10MM. It was acquired when it was ~18 months old, long before it was as large as it is today.