Bebo Shuns $550 Million Acquisition Offer

Is this greed or lunacy? $550 million clams! Is social networking the next dutch tulip craze?

Published by Joe

Senior Director of Developer Relations, MongoDB View all posts by Joe

walter says:

11-July-2006 at 1:40 PM

Makes you wonder what kind of ROI the VCs are looking for – they can’t have invested more than $55 million surely ?

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Joe says:

11-July-2006 at 1:48 PM

Benchmark recently invested USD$15m. Sure as hell beats 10x returns… Remember social networking is made of people, content hosting and bandwdith costs are negligible.

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Conor says:

12-July-2006 at 12:14 PM

Well it’s caught on like a wild fire in Ireland. Unbelieveable use by the 15-25 age group. They did someting right.

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