Groupon turns down $ 6 billion from Google


Kayvan

Kayvan

GT Owner
Jul 13, 2006
4,782
They will be the poster boy of this bubble

Like globe.com and bebo.com, worth a billion, written off to zero


When I open their coupon junk mail in 2020, I'll laugh

http://mobile.bloomberg.com/apps/news?pid=2065100&sid=at5l5kFGqTYg
 
A 12x multiplier is unheard of in the software industry. I would definitely say this was a positioning purchase attempt.
 
 
Maybe if Google has used a couple of 2 for 1 coupons the deal would've got done?:rofl
 
Twice in my life I met up with Vulture Capitalists and I realized that unless you have that killer app in the software industry, i.e eBay, Amazon, Paypal, YouTube etc.... you're effectively selling your soul to the devil. Both times I came out fairing much better without VCs. My point being, why become an entrepreneur only to give up control?

My $0.02
 
HHGT said:
Twice in my life I met up with Vulture Capitalists and I realized that unless you have that killer app in the software industry, i.e eBay, Amazon, Paypal, YouTube etc.... you're effectively selling your soul to the devil. Both times I came out fairing much better without VCs. My point being, why become an entrepreneur only to give up control?

My $0.02
Click to expand...

VCs have their place and can be very useful in many cases. The devil are in the details. The usual agreements are far from favorable to the founders. If you negotiate from a position of need, in all case you give up a lot of control. It is better when the VCs are knocking on your door, rather than you knocking on their doors.
 
 
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