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Becoming a massively profitable megacorp isn't the only winning formula. Were Linkedin, Instagram, Beats by Dre, WhatsApp, Tableau, Skype, GitHub, MuleSoft all
by kahnjw 6y ago
Becoming a massively profitable megacorp isn't the only winning formula.
Were Linkedin, Instagram, Beats by Dre, WhatsApp, Tableau, Skype, GitHub, MuleSoft all failures because they were acquired for billions, making lucrative paydays for their founders and investors?
- scarface74 6y agoYou missed the other part of the equation. No one said that all VC money was dumb. The conversation is about billions of funding going down the drain like in the case of Uber compared to the paltry sum inflation adjusted raised by the tech behemoths before they went public and became profitable. Beats by Dre raised less than $1 billion in funding. https://www.crunchbase.com/organization/beats-by-dr-dre https://www.crunchbase.com/organization/beats-by-dr-dre WhatsApp raised less than $70 million. https://www.crunchbase.com/organization/whatsapp#section-overview https://www.crunchbase.com/organization/whatsapp#section-ove... From looking at Crunchbase, Instagram didn’t raise any outside funding. None of the companies you listed raised anywhere near what Uber, Lyft and AirBnb raised.
- aeyes 6y agoThat might be because none of these companies are operating in the real world while Uber, Lyft and AirBnB do.