Why did entrepreneur and former Facebook employee Dave Morin turn down a $100 million buyout offer for his start-up, Path?
Dustin Moskovitz, Facebook's co-founder and a Path investor, thinks he had something to do with it.
Morin launched Path, a smaller social network, in November, 2010. In December, Google offered him a $100 million buyout, plus a $25 million earn out over four years. He said no thanks.
"I can't take full credit," Moskovitz, 27, said at TechCrunch Disrupt, "but we happened to be on vacation together. It was me, him, and Brian Singerman of Founders Fund. It just was really clear from Dave's body language and what he was saying that he didn't want to do the deal. He was feeling pressured to do it. People were telling him, 'Take the deal, don't risk it all.' The lesson learned is [founders should] set expectations higher [for themselves and their companies]."
To read the full, original article click on this link: Would You Turn Down a $100 Million Buyout Offer? | Inc.com
Author:Courtney Rubin
