This is what I was thinking. And they wanted even more than that! I can't fathom what $900 million would buy, but it seems like at a certain point, it'd be in their interests to stop giving away equity, no? $900 million is a big chunk of a company pretty much regardless of valuation.
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On what does a software company spend half a billion dollars?
This is what I was thinking. And they wanted even more than that! I can't fathom what $900 million would buy, but it seems like at a certain point, it'd be in their interests to stop giving away equity, no? $900 million is a big chunk of a company pretty much regardless of valuation.
Marketing, enterprise sales? Also, snapcash.
Other software companies. Lawyers.
Marketing.
You don't spend heavy marketing dollars on a free app. (Not in the way most people would define "marketing", anyway.)