"After spending a lot of time falling asleep at the library while facing the philosophy books, I determined that the concept of destiny is a construct that allows man a gentle release from facing the terror of his existence, and that a Hyundai full of twenties would pretty much offer the same benefits. And so, I ultimately said YES!"
All cash is great, but man the MAA market must still be soft if a company like WOOT (which at least seems to have a ton of mindshare) would only fetch $110M. Makes you long for the days when a Photobucket or a Bebo would go for 3-8x that.
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Price paid was $110 Million all cash - http://techcrunch.com/2010/06/30/woot-amazon/
"After spending a lot of time falling asleep at the library while facing the philosophy books, I determined that the concept of destiny is a construct that allows man a gentle release from facing the terror of his existence, and that a Hyundai full of twenties would pretty much offer the same benefits. And so, I ultimately said YES!"
According to http://wiki.answers.com/Q/How_much_volume_is_1_million_dolla..., 110 million in twenties is about 220 cubic feet.
According to http://www.usatoday.com/money/autos/reviews/healey/2010-03-1..., a 2011 Hyundai Sonata has about 120 cubic feet of passenger and cargo space.
So, assuming TechCrunch is right, the Woot CEO is wrong. It's actually close to TWO Hyundais (Hyundai?) full of twenties.
(OK, maybe one after-tax Hyundai)
All cash is great, but man the MAA market must still be soft if a company like WOOT (which at least seems to have a ton of mindshare) would only fetch $110M. Makes you long for the days when a Photobucket or a Bebo would go for 3-8x that.
And $5 for shipping? Or can you send a company through Snail^WSmartPost?
Unintentionally funny line in TC article: "having deals on things as diverse as handguns". Can one thing be diverse ?
Damn, did the founder(s) have full equity?
Single founder, no investors (as far as I'm aware)