Okay, I'm not in the Valley, but businesses are in business to do business - to make money for their shareholders. Arguing against that as a reasonable motivation is disingenuous. You can disagree with the business decision; that essentially amounts to "I think their expected value is >$170m and I'd take their risk profile". Fair enough. But if you're arguing it on any other basis than that, then you're substituting your morals for economics, and what's more, your morals for those of all the individual shareholders. Not cool.
Isn't it easiest to just assume that Facebook and Twitter haven't been bought because their equity holders think they make more money doing it their way? They've got a case too; as Twitter's paper valuation climbs past $1bn, the crew there get proved more and more correct.
Do you use Intuit software? Have you tried Mint? Everyone I've talked to that has a Mint account and has been forced to use Intuit software in the past is uniformly dismayed and confused by this acquisition.
Banker math surely proves Aaron would have to show real hubris to ignore Intuit's offer, but founders rightly run startups, not bankers. Intuit is a $9B twenty five year old company. Mint could have given them a run for their money. They took the payday instead.
Do you use Intuit software? Have you tried Mint? Everyone I've talked to that has a Mint account and has been forced to use Intuit software in the past is uniformly dismayed and confused by this acquisition.
Okay, I'm not in the Valley, but businesses are in business to do business - to make money for their shareholders. Arguing against that as a reasonable motivation is disingenuous. You can disagree with the business decision; that essentially amounts to "I think their expected value is >$170m and I'd take their risk profile". Fair enough. But if you're arguing it on any other basis than that, then you're substituting your morals for economics, and what's more, your morals for those of all the individual shareholders. Not cool.
Isn't it easiest to just assume that Facebook and Twitter haven't been bought because their equity holders think they make more money doing it their way? They've got a case too; as Twitter's paper valuation climbs past $1bn, the crew there get proved more and more correct.