Re:Yahoo acquires Xobni
by DanBlake on Wednesday July 03, 2013 @06:23PM
(#5987883)
Seems like they would have been better off just taking the rumored 20m from microsoft in 2008 (before they raised FIVE additional rounds of funding to the tune of nearly 40m).
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I followed Xobni since their inception since my company did similar things for other companies that have a shorter life or were acquired for other services like MX Logic.
Following their last investing rounds I realized that they were looking for investment when the previous investment was exhausted. I calculated approximately their expenses and the number of employees from LinkedIn.
That's for sure.
But hindsight is 20/20, and when you are growing like a weed, like they were at the time, it's easy to be caught in the "I want more" mindset, especially when you are a younger founder.
The big assumption here of course is they had the choice.