>I continue to advise, when asked, on product design.
How often is that?
Re:Try to digest the Groupon story
by eurohacker on Friday June 03, 2011 @03:23PM
(#2617650)
Jason, since you are here - may be its a good idea to tell the crowd why you decided to sell some of your shares of Groupon,
as some papers seem to indicate
That's Jason's business and not yours. I can't even believe such a thing needs to be verbalized. You're coming across like a tabloid journalist. Essentially you're trying to manufacture a controversy here out of an OpEd that: (1) Jason's business partner wrote on his own private time and (2) hasn't been endorsed by Jason's company.
As if business partners can't have differing opinions about the business practices of other companies. If Jason's and DHH's opinions are indeed different, which I'm not convinced they are. Sheesh.
Why would that matter? He was asked, and he said yes. These were options paid to him for his involvement on the board, not money invested by him.
If you did some work for someone, and they paid you with stock instead of cash, wouldn't you feel like converting that to cash the first chance you get?
Re:Try to digest the Groupon story
by eurohacker on Friday June 03, 2011 @04:29PM
(#2617861)
NO. if i would have a successful company like 37signals and enough money - i would keep the additional startups as long as possible, since there is not much to loose
especially would keep the shares of the "hottest" and "fastest growing" startup groupon
What if he needed the liquidity?
There are all sorts of reasons to sell stock at a particular time that have nothing to do with cashing out on a company one believes will flame out.
Re:Try to digest the Groupon story
by eurohacker on Friday June 03, 2011 @05:49PM
(#2618122)
he could have other startups to cash out on then , instead of groupon,
And of course a board is made up of people with different strengths and experiences. My experience is not in massive growth, rapid growth, acquisitions, companies with thousands of people, etc. There were and are people on the board that are very experienced in those matters.
My experience is in product design and development. My advice on those matters was my main contribution to the board and the company. I continue to advise, when asked, on product design.