I am not an insider, but had worked at Samsung HQ several years ago. Knowing their tendency to look for lowest price in anything and committee-based consensus building, I am sure it took them a while and hard bargain to reach $30M.
IMHO, such practice only allows them room to acquire non-prime (past-prime) companies. And their culture is largely not compatible with startups in the US. I would be interested to see what happens to Boxee team in 6-months to year down the road.
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I am not an insider, but had worked at Samsung HQ several years ago. Knowing their tendency to look for lowest price in anything and committee-based consensus building, I am sure it took them a while and hard bargain to reach $30M.
IMHO, such practice only allows them room to acquire non-prime (past-prime) companies. And their culture is largely not compatible with startups in the US. I would be interested to see what happens to Boxee team in 6-months to year down the road.