I'd like to share this with you.
"The Onion" is not the most reliable source of news, but I found the linked article both interesting and frightening.
- Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
- What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
- If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
- What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteDon't think so. I think that this article was written by somebody responsible for Public Relations or person responsible for creating this guy image. If I would be one of the richest persons in the world I would not care about writing articles I would hire somebody who could do this for me :D.
2. What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
I think that this is a whole idea of startup, create something and then sell this idea to big company for milions of USD.
3. If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
Of course I would sell startup (after years of programming I not very intrest in this area so much) and then I would be able to do what I want, but of course under one condition, "How much" :-).
4. What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
Until today I was not aware about Instagram Stories :D. Everything depends what kind a person you are and this does not affects my answers. Also I think that Instagram is not a startup anymore but quite big company.
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteIn my opinion it could be written by one of the richest man. I can't agree thatrich people always should hire people who write for them. Don't they do that just for fun?
2 What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
I think that it is populat now. I have heard about some companies but I do not have much experience or knowledge about that.
3. If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
It depends on my attitude to this startup. If it was something I have dreamt about for many years and finally I've managed to open my own startup I would not sell it to anyone for no money.
4.What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
I do not know about snapchat and Instagram stories. It does not affect my answer from previous question because I belive that we should do what we love to do. It is not worth to sell your dreams even if you are frighten by someone who is more powerfull.
1. I don’t think this article is written by one of the richest people in the world. Or maybe I hope so, otherwise that would mean the biggest money and power is given to cheeky and unblushing humans.
ReplyDelete2. Acquiring statups as such is anything bad actually, but doing it to destroy a potential competition is something I judge very strictly as negative action. In my opinion it stops interesting research and development activities.
3. If I were CEO and founder of successful startup, I would never sell it in the “inrun” phase. I’d rather see, what’s going to happen further, in the nearest future. If it had an interesting and useful potential in respect to demand – supply issues, I would fight for that and I would develop it by myself. Instead, I’d rather sell a special startup, a bait well-prepared to distract The Frightful Five.
4. It does not affect my answer, because it concerns different issue. When you earn big money honestly and in a clever way avoiding all the obstacles, and if someone much more clever pays you in the end - this is a really impressive issue. But the condition is, that it must go without intentional cheating or stealing (I mean also intellectual property in this respect).
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteI have never heard about this website and it does not seem like it is very popular and reliable. There is a chance that it is really written by him, but personally I don’t think so. It is because of PR of person and such words can make him look really bad.
2. What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
Firstly as a startup you want to succeed and make you product work and because popular. But every single startup member should ask yourself “What do you want to achieve at the end? Do you just want a large sum of money or do you want to became one of the biggest companies and became 2nd amazon?”. I guess most of us want to earn money in one way or another and than with financial freedom we can do in life whatever we want. Big companies will always acquire startups and there is nothing wrong in that.
3. If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
My answer is yes. Because as I said above I want financial freedom and with that I can work on another project and don’t struggle with finances.
4. What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
Well I think that Snapchat is sinking. At the beginning I couldn’t understand why people use that. Later on there were few cool things about that, but after a short while it became really boring. If Snapchat was mine I would sell it immediately for that sum of money.
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteI agree with Tomasz. If I were one of the richest persons in the world, I would rather hire someone to write articles on my behalf. On the other, I could be rich and really bored. If I were a bit bored, I might consider writing something on my own.
2. What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
It's natural that big players are searching for companies, ideas that might help them multiply their assets and provide bigger profit for the investors.
3. If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
It all depends on money. If I was offered enough money to live happily ever after till the day that I die, then definitely I would sell it. If the amount offered wouldn't be impressive, then I wouldn't bother selling potentially prosperous business
4. What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
I didn't get why people are using Snapchat and I don't get why people use Instagram Stories. In my opinion it doesn't make much sense and is a real waste of time.
What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
ReplyDeleteOnce I heard a statement from one of the owners of such companies: We buy a company for Millions to earn billions. After all, it depends on the owner whether he will sell his startup. It happens that the size of the company overwhelms the owners.
If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
This is a difficult question. Everything depends on the context and the situation. If eg. I would like to take care of something else, why not?
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteNo, I think that it would be written rather by the ghostwriter, because of lack of time of the richest person in the world.
2. What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
The New York Times had posted an article titled "How the Frightful Five Put Start-Ups in a Lose-Lose Situation". But I think it is kind of Win-Win situation. Large company is acquiring innovations and startup owners have few millions of reasons to be happy :)
3. If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
If the price would be adequate- sure, I'm the supporter of changes that could be empowered by recent achievements.
4. What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
I saw an article, a few months ago, entitled "How IG Stories is Killing Snapchat" so I think that was a good move for Instagram to copy that. And I think that Snapchat missed its opportunity because if big-player wants something, he gets it eventually.
I don't think so, it would be more believable if was an interview or something. People like him write biographies or make presentations do share such ideas.
ReplyDeleteI think it's natural in business that bigger companies acquire smaller ones when they see it profitable. If I was running a successful start-up I would definitely sell to a bigger player if I got a good offer. Mostly because running a business is a demanding and stressful job after all so I would prefer to receive instant cash and don't worry about the future. I could start a new business later. The second reason is that, as the last questions shows, big players with deep pockets usually win and there is no use to fight with them. Most technologies that you could be able to invent can be copied and improved with big enough resources and big players probably have all the resources they need.
Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteI don't think it was written by Jeff Bezos. Maybe Public Relations division was responsible for sting it.
What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
Because today’s giants are nimbler and more paranoid about upstart competition than the tech behemoths of yore, they have cleverly created an ecosystem that enriches themselves even when they don’t think of the best ideas first. The Five run server clouds, app stores, ad networks and venture firms, altars to which the smaller guys must pay a sizable tax just for existing. For the Five, the start-up economy has turned into a heads-I-win-tails-you-lose proposition — they love start-ups, but in the same way that orcas love baby seals.
If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance? You need to live and breathe your business model. So we should not put everything in one category. Decision if you wan't to sell your shares need to be planed well.
What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question? I do not have opinion on this and it does not affect my previous answers.
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteNo, I don’t think so. In my opinion it is a joke :) I really doubt it would be written by Jeff Bezos - an experienced businessman and Amazon founder.
2. What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
They have the right to do this and the market looks like this today. Perhaps the start-ups would like to be absorbed by these companies, which in many cases can be the real peak of their existence.
3. If you were CEO and founder of the successful start-up, would you sell it to one of the big players having such a chance?
If it was a very lucrative offer, why not? My start-up, my contribution, my choices.
4. What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
Yes, it only strengthened me in my choice. If someone offers good money for your idea or product, you have to think hard, because this chance may not happen again and may even be the beginning of your end.
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteProbably PR person. It is like with the question “Why we do not see Lamborghini ads in tv? Because people that can afford it have no time for watching tv”. Same with articles like that.
2. What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
The true reason why most of the startups are created. To be bought by companies like those.
3. If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
Probably yes, but it all depends on the situation. Take a look at Facebook. They had a lot of chances to sell the idea and they ended quite well
4. What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
This is IT world. If you can sell same thing better than your opponent than you won.
Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteI don't think that one of the richest people on the planet would write anything like this by his own. I think he would hire a team of PR specialists to perform an analysis and to release such an article.
What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
I think most of the startups are made to be bought.
If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
It depends on many features. If I didn't see any chance of a further fruitful development and there was no chance of boosting the value of the startup, or I was just bored with building this one I think I would sell it. Nonetheless, it would be a huge success to sell it to FAAAM anyway.
What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
I am afraid I don't know what Instagram Stories are so it is hard for me to say anything constructive about it.
Thank you for an interesting article. One and the other are likely possible. On the one hand, such people may have specialists for the preparation of various studies. On the other hand, they may write articles to pursue their personal passions. It is a natural thing that large companies buy a successful startup. In this way, they fight against potential future competition or conquer new areas. Would I sell a successful startup? It depends on the sum of money and on my personal involvement. I do not answer your last question - I am not familiar with (nie jestem zaznajomiony) this topic because I do not use these tools.
ReplyDeleteDo you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteProbably a person like him has a PR team which is doing such things. Or maybe he had a very very boring evening ;)
What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
Not every startup has a chance to be successful. And even the ones that have, sometimes cannot do it by themselves. To develop their products or services sometimes the money from the big companies is necessary. Of course, there is a threat, that the startup was bought only to close it.
If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
It depends on a situation, but yes, it can be an option.
What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
No, it does not affect my answer. I rarely use Instagram stories, but I like to watch the stories of my friends when I have a free moment.
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ReplyDelete1 Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteI think it is not. Probably a thought was his, but I doubt whether he has the ability and time to write articles.
2 What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
It is how liberal economy works.
3 If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
There is no possibility to be on a global market, compete with the biggest and don't invest. You must sell most of your shares for a good price to have the creditworthiness.
4 What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
I don't know this case in detail. Probably they have resources to compete.
- Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteThis may come as a disappointment, but The Onion is not a reliable news source, it is a comedy website. It's like the "what if advertisements were honest" click-bait videos on YT. However, this does not mean that satire cannot be a medium for serious messages. On the contrary, sometimes it is the only way of speaking truth to power.
- What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
Google itself was propositioned with an acquisition. But, fortunately for them, the bid was too low.
The problem with buying the startups is not that they crush the founders' dreams and buy it at a discount.
It is all the other startups competing with the picked winners who are at a disadvantage. Even if they were previously offering something better.
The winner becomes the best startup which at the same time is ready to sell out.
- If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
That depends on the offered price and also on the importance of the service I would be selling. If it was something of historical importance (like Linux OS for example), then it would be better to give it to the people and live modestly off the fame.
- What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
I don't know the Stories feature, as I don't use either service. It actually doesn't affect my answer, because I don't oppose selling startups on principle. If it does not harm mankind, and there is no way ahead anyway - one should focus on getting the most money out of an acquisition.
Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteRich people can hire specialist to write articles for them. So, in my honest opinion it's not written by him.
What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
This is inevitable. I think most startups are counting on it. Furthermore, what's the point in creating new startups? Money, money and money. In most cases CEO is hired by the acquirer.
If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
Yes, for good price :)
What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
This is called competition. What's wrong with it?
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteWhy not? As Katarzyna wrote - maybe it was written for fun? Nevertheless it could be a fake - and someone who wrote this paper use it to catch more readers.
2 What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
I am not an expert in this field but Business Angels and any other organizations makes money on this kind of activity. You can earn a lot of many in short time period … but you can lose it :). A lot of experience is required for sure.
3. If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
It depends… it is always risk that the big players kick you out of the business if you do not sell the product - they can invest a lot of money to start competitive project.
4.What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
No it does not :). I would sell the project and start vacations till end of my life ;) (probably it would be boring after 3-4 years)
1.Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteIt could be. It’s very CEO style.
2.What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
They are like nation and have power to accomplish they goal and promote they point of view.
3.If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
Yes it is. Think about there are lot of species in the world. Most of them are food for more complex species. Having a startup company is like to be an apple which prey to be eaten by greater and stronger animal. Have you ever wonder how the smaller organism like to be a part of more stronger and successful? 😊
4.What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
Not really. Everybody have right to have his own bisness point of view.
1. Do you think this article is really written by one of the richest people on the planet (probably the richest one)? Why/why not?
ReplyDeleteIt's possible, but I think that this article wasn't written by the richest people on the planet. Why they would waste their time for writting article like this one?
2. What do you think about big companies from The Frightful Five (a.k.a. FAAAM) acquiring startups?
It isn't unusual situation when bigger companies acquiring startups. If startups have possibility to be profitable they bought it and try to help earn big money in short time.
3. If you were CEO and founder of the successful startup, would you sell it to one of the big players having such a chance?
It's really hard question. If the money would be really big and my companies have problem it would be good for me. I can't to answer yet. It's to many unknown.
4. What do you think about Instagram Stories, which are a direct copy of the core Snapchat functionality? Note: they were added to Instagram after Snapchat's CEO rejected $3 billion offer to be acquired by Facebook. Does it affect your answer for the previous question?
No it doesn't. What's wrong in it?
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