Investors had intend to sell Twitter for $500 milli on five years ago
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Beijing, April 15, 2007 time, according to foreign media reports, if you five years ago in the price of $500 million sold a company reportedly now can accept $10 billion takeover bid, what would your feeling? This is ten few original shareholders Twitter what has happened.
Twitter started just another venture enterprise Odeo an item. In 2005, Odeo should become a podcast platform. The problem is apple in that year released iTunes music store online.
After the announcement at the apple chief executive Ivan, Odeo, EvanWilliams) Williams (tell this entrepreneurial venture 14 employees began to imagine this company should be the new direction of development.
In February 2006, three Odeo employees jack dole west (JackDorsey), Florida Ann webber (FlorianWeber) and Noah, put forward NoahGlass) Glasgow (called "Twttr" thing, what is now Twitter.
To the summer of 2006, Twitter has thousands of users. But, still no Odeo development direction.
Williams was already very wealthy in a year ago, because he sold the company Google. Williams decided to do a very important thing. He proposes from investor hand acquisitions Odeo and all assets, including Twitter.
Williams in the letter to shareholders, said in a Twitter is the value of I saw part of Odeo. But to say where the value of it is too early to tell. Nearly two months at launch, Twitter has less than 5,000 registered users. I will continue to investment Twitter. But, it's hard to hold the investment for the risk of Odeo investment is reasonable, especially since the investment is for different market input.
Odeo investors from the share buyback at that time is an unprecedented move. People generally praised Williams practice is a generous action. Start-ups have failed. They basis points for those who never they provide opportunities for success of investors pay in return.
Of course, after five years, Williams looks like a genius. Those who take Twitter Odeo and sell his stake of people like lost opportunity.
Shares in the buyback Odeo within one year, Williams took from their own corporate divestitures-accounting Twitter out, and Twitter become Google and Facebook now want to use billions of dollars acquired companies.
Many investors sold shares that you regret. Investors of don hutchinson (DonHutchinson) says he missed the Twitter this gold mine. But he still thought that Williams the shareholders of the company from looks decline liberate is done a good deed.
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Author Resource:-
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By :
Jessie Stone
Submitted
2011-04-23 19:47:21 |
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