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A comment on Snapchat Spurned $3 Billion Acquisition Offer from Facebook. Parent comment

Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by jasonwilk on Wednesday November 13, 2013 @05:09PM (#6728993)
There is a theory called "When the founder drives a porsche", which refers to already wealthy entrepreneurs who have much more appetite for risk to go for the big exit.

Evan has taken at least $30-40M off the table in subsequent financing rounds. He has enough stacked away to go for an exit that deems him a billionaire which my guess at this point would need to be a $5B acquisition (assuming cap gains tax for his piece)

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Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by boyter on Thursday November 14, 2013 @01:38AM (#6730960)
Even so your quality of life is going to increase a lot more from $30 million to $1 billion, then $1 billion to $3 billion.

I always liked the quote from Entrapment "What can you do with 7 billion that you can't do with 4?"

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