This is a good warning for entrepreneurs. Think that getting talked about on blogs is a good thing?
I keep hearing that companies like these are built to flip, but when you talk with entrepreneurs in this space, they tell me that's not their motivation. Now, of course if someone comes and waves a check in their face I'm sure they'll at least sit down and talk, but that doesn't seem to be driving the folks behind 30 folders (I asked, believe me!)
Truth is big companies don't acquire companies unless they have something useful. Believe me, I'm pushing to get a few companies acquired and it's REALLY HARD. There's one company that a group of us have been pushing to get acquired and we've been working on that for more than a year.
If you really want to get acquired you better be prepared to go it all the way by yourself first. In fact, what makes an acquisition more likely? One thing: a growing pool of passionate customers.
There's nothing that gets executives at big companies excited more. (Look at the other acquisitions Yahoo has made, for instance. Del.icio.us. Flickr. Or look at the ones Google has made. Google Earth. Picasa. They all had growing pools of passionate customers/users).
More commentary on Joel's post Robert Scoble is the founder of the PodTech.net's Vice President of Media Development.
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Joel Warns Entrepreneurs
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