Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by il on Saturday August 22, 2009 @01:49PM
(#779565)
So basically Facebook got the same benefit as if they had acquired the company(the talent) for less money and the investors got screwed.
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Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by tipjoy on Saturday August 22, 2009 @02:11PM
(#779596)
Debatably, they got less than half the talent, thank you very much!
Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by webwright on Saturday August 22, 2009 @03:07PM
(#779671)
Abby > Ivan? :-)
Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by scorpion032 on Saturday August 22, 2009 @02:48PM
(#779644)
At less than a tenth of the price?
Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by jharrison on Saturday August 22, 2009 @03:54PM
(#779721)
I sense strife intra-marital strife.
Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by GavinB on Saturday August 22, 2009 @02:06PM
(#779586)
Presumably they don't get the brand, domain name, existing code base, and access to registered users.
There's probably a lot more to this story than we know--there's no need to jump to conclusions.
Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by scorpion032 on Saturday August 22, 2009 @03:24PM
(#779692)
> brand name
The founders have themselves said that they have little traction, and 3rd party payment services will not add much value.
> domain name
Doesn't matter, when brand name isn't useful
> Existing code base
Its takes significantly less time to build it the next time.
> Registered users
Facebook has 250 million users! <1% cant matter anyway.
Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by GavinB on Saturday August 22, 2009 @04:27PM
(#779759)
Right, and that's why no one was interested in buying the company.
Investors own the company, not the employees--even if they are founders.
Re:Facebook, TipJoy, the Deal that Didn’t Happen and the Hir...
by jonknee on Saturday August 22, 2009 @03:20PM
(#779686)
I don't think Facebook needs the domain, code or registered users. They liked the idea and obviously the people behind it. But to launch it on a Facebook like scale it would need a rewrite, tons of legal power and probably a new name anyway (even TipJoy learned to not like their name).