Would you turn down $3 billion?

[Ns1]

in a word...fuckno. in 2 words...FUCK NO.

 

[Mixolydian]

wtf is snapchat

 

[coldmeat]

ITT: Why we're not all billionaires.

 

[cyclohexane]

Their board of directors must be filled with greedy arrogant d-bags.
This apps is bullshit, and can be easily replicated/ripped off, bunch of morons.

 

[ch33zw1z]

sell asap.

 

[sixone]

Stanford fraternity brothers

Clearly, they don't need the money.

I'd have taken it in a hot minute, and I don't NEED it.

 

[Imp]

Only loser poor people wouldn't see the genius in turning $3 billion...

Well, I'm stumped.

 

[zinfamous]

ITT: Why we're not all billionaires.

..and neither are the douchnozzles that didn't sell their worthless app.

 

[Franz316]

I don't get it.. How is this company worth anywhere near $3B? Where is Facebook seeing the value in it? It is probably advertising related but even then, how is it worth that much. The insane numbers being thrown around for the Facebooks and Twitters of the world seem incredible for companies that literally produce nothing but advertising.

These guys should have just sold it and laughed their ways to the bank.

 

[VAisforlovers]

A billion dollars isn't cool anymore. You know what's cool? A trillion dollars.

 

[TwiceOver]

Someone is going to be kicking themselves in 3-12 months.

 

[iamwiz82]

I don't get it.. How is this company worth anywhere near $3B? Where is Facebook seeing the value in it? It is probably advertising related but even then, how is it worth that much. The insane numbers being thrown around for the Facebook's and Twitter's of the world seem incredible for companies that literally produce nothing but advertising.

These guys should have just sold it and laughed their ways to the bank.

Exactly, it's not a profitable idea. They had their chance and either A) were being greedy, or B) had some ridiculous grand idea about how they are changing the world.

 

[GagHalfrunt]

Their board of directors must be filled with greedy arrogant d-bags.
This apps is bullshit, and can be easily replicated/ripped off, bunch of morons.

That's the part I'm not getting here. Unless there's much more to this that I don't understand the app looks like something that Facebook would be able to create in-house with a few interns on their lunch hour. What's the value of a company with so little name recognition and a product that's not difficult to knock-off? Why would Facebook want them at any price?

 

[yh125d]

You're goddamn right I would sell out. You always hear the story of that guy who sold a 25% stake in MSFT in 1982 for $600 or whatever it was, which is a legit enough argument, at certain numbers of scale.


In *this* case, $3 billion (even halved to 1.5) is waaaaaaaaaaaay up the scale of current value vs maximum theoretical value. $3 billion now for something that if everything went 100% perfect might later go for what, $10 billion? $20b?

Not really the same as $600 in 1982 vs $50b in 2000 or whatever. $3b is easily enough to be rich as shit the rest of your life even if you don't have any other ventures (which you easily could to get even more success with that much bankroll).

I'd take it in a heartbeat and probably throw in a free BJ for good measure

 

[Hugo Drax]

Ego got in the way. Just like the moron who turned down the offer by google to buy groupon. Look how well that went.

Some of these founders let ego get in the way of a smart business decision.

 

[ttott]

Well, well, money can't buy them happiness. That's what drives them forward, instead of money, I suppose.

 

[gotsmack]

1. A lot of creative types don't really care about money. They need living expenses, but if that is taken care of they would rather have control over their own product than taking orders from someone else.

2. You don't know the details of the offer, it might only be worth $3B after a certain number of years and only if everything goes a certain way. I'm sure they have very smart finance people working for them, they know they can get a better offer if they wait.

 

[SlitheryDee]

Well, well, money can't buy them happiness. That's what drives them forward, instead of money, I suppose.

If it really is happiness that caused them to refuse the offer I could respect that, but it probably isn't. The article indicates that the financial backers for their venture are probably advising them to hold out for a higher payout. Actually that notion lends more credence to the idea that they might actually get more because it seems that the guys funding them really have the most to lose here.

 

[zinfamous]

I don't get it.. How is this company worth anywhere near $3B? Where is Facebook seeing the value in it? It is probably advertising related but even then, how is it worth that much. The insane numbers being thrown around for the Facebooks and Twitters of the world seem incredible for companies that literally produce nothing but advertising.

These guys should have just sold it and laughed their ways to the bank.

Facebook is pretty fucking stupid. I kinda wish this idiot had sold, just to put another dent in Facebook's coffers.

 

[zinfamous]

Well, well, money can't buy them happiness. That's what drives them forward, instead of money, I suppose.

what about the sadness when reality kicks them in the buts and their idea is now worth 10 dollars?

money definitely could have bought this dude happiness...if you measure it as the absence of sadness.

 

[Destiny]

Groupon turned down $6 Billion thinking they make it bigger with their IPO... then the founders pocked most of their IPO money instead of reinvesting it back into the company - now they are struggling to survive.

 

[Printer Bandit]

I'm working on the next Facebook and hope to sell it for 9.11 billion by this time next year . Of course all ATOT members will get a %.

 

[Agenesis]

This is 80 million, or 2.6777% of 3 billion.

 

[ViperXX]

If it had 3 billions worth of dildos in my ass, yeah I would turn it down.

 

[Drako]

LOL, I saw this story this morning and thought it was 3 Million. I did a double take when I realized it was a B and not an M.

What kind of moron turns down 3 Billion dollars for somthing that teenagers use to send pictures of their junk to each other?