Bebo Shuns $550 Million Acquisition Offer
Is this greed or lunacy? $550 million clams! Is social networking the next dutch tulip craze?
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Joe Drumgoole
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Makes you wonder what kind of ROI the VCs are looking for – they can’t have invested more than $55 million surely ?
walter
July 11, 2006 at 1:40 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.
Joe
July 11, 2006 at 1:48 pm
Well it’s caught on like a wild fire in Ireland. Unbelieveable use by the 15-25 age group. They did someting right.
Conor
July 12, 2006 at 12:14 pm