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January 28, 2022

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Why I Sold My Startup, Sparkbuy, To Google (GOOG)

Why I Sold My Startup, Sparkbuy, To Google (GOOG) : " [ Dan Shapiro sold his six-month-old startup, Sparkbuy , to Google in May. On Wednesday, he explained on his personal blog why he did it. He gave us permission to republish his post.] Shortly after the sale closed, John Cook interviewed me about the experience . He did a great job of transcribing all of my verbal gems, like “Maybe that is an economic way of looking at it, or something that I am unfamiliar with.” I’m not even sure what that means. It was the best I could muster in the middle of a crazy, exciting, wild time. But looking back, I realize that there’s an important question there and I didn’t do it justice. Selling a company can be a very lonely decision, so I want to revisit John’s question and share my thinking with others who might be making the call. It was a great deal for the shareholders Most VCs don’t care how long your company takes to show a return – they don’t get to re-invest proceeds of their deals, s...

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How Yahoo Lost Its Grip

How Yahoo Lost Its Grip : " How does the company that had more global visitors, more cash, more talent, and more dreams than anyone else in the Valley fall so far and fail so decisively? I sat across the table from the management team of Yahoo! in December 2001 as they sought to buy our company, HotJobs, and got to know them over the next couple months. Sue Decker is brilliant, Terry Semel is a wonderful, warm guy, and Jeff Mallett struck me as scarily smart. With such wonderful people at the helm a decade ago, the most interesting question for Internetologists has to be: Why does Yahoo! fail? The standard arguments as to why Google beat them so thoroughly are pretty easy to brush off: They were dumb. Really? With all that dough and a head of HR from the cultural utopia of Southwest Airlines, they hired dumb people? That’s not what observation shows, nor does the success of Yahoos at their subsequent companies support this viewpoint. They hired a non-internet old guy to be CEO. I...

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