The guy turned down a minimum of $10,000,000. Is he stupid? (I should add, I would take that deal, because if twitter add in any kind of image service or some other service gets popular...)
Whether turning down $10M was a bad idea depends on a number of factors, from expected revenues to his own life goals. $10M would certainly provide for a lot of freedom.
The 800lb gorilla is Twitter, and if/when they start to cannibalize the third parties in an effort to build their own revenues. Twitter certainly isn't at that point yet, but it will happen eventually.
Comments
The guy turned down a minimum of $10,000,000. Is he stupid? (I should add, I would take that deal, because if twitter add in any kind of image service or some other service gets popular...)
Whether turning down $10M was a bad idea depends on a number of factors, from expected revenues to his own life goals. $10M would certainly provide for a lot of freedom. The 800lb gorilla is Twitter, and if/when they start to cannibalize the third parties in an effort to build their own revenues. Twitter certainly isn't at that point yet, but it will happen eventually.