I'm imagining Autodesk's M&A team are right now getting a lecture on what "CAM" stands for by the engineers and that there will be some facepalming.
This is a bad joke.
Autodesk Buys Socialcam for $60M
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Re: Autodesk Buys Socialcam for $60M
#12I'm imagining Autodesk's M&A team are right now getting a lecture on what "CAM" stands for by the engineers and that there will be some facepalming.
Though it should be said that a social CAM application is a funny idea.
Re: Autodesk Buys Socialcam for $60M
#13Re: Autodesk Buys Socialcam for $60M
#14But, but... Autodesk is a real company making real products and real revenues. Why??
Re: Autodesk Buys Socialcam for $60M
#15But, but... Autodesk is a real company making real products and real revenues. Why??
To attract a new audience to their products?
Re: Autodesk Buys Socialcam for $60M
#16Title should read: A Facebook wall spamming app acquired for $60m.
Re: Autodesk Buys Socialcam for $60M
#17A picture (with filters) is worth $1 billion. A video (with filters), apparently, is worth $60 million. Congrats to the team. Certainly an interesting move for Autodesk.
Re: Autodesk Buys Socialcam for $60M
#18I met these guys at work at a startup. Before meeting them I had an overwhelming desire to punch them in the face when I heard they founded SocialCam. In reality they are really nice and congrats on the sale!
Re: Autodesk Buys Socialcam for $60M
#19Re: Autodesk Buys Socialcam for $60M
#20My first reaction was, "only $60 million?". SocialCam had huge traction and was winning the social video space. Why exit now? If they would have kept plugging away, couldn't they have gotten a much bigger exit?
Siebel did say in the article that video wasn't like pics and it was much harder for users to adopt. I wonder if engagement wasn't as high as it appeared or if their retention wasnt good. There must have been something that mad them sell this early. Just my 2cents.