Is this greed or lunacy? $550 million clams! Is social networking the next dutch tulip craze?
Bebo Shuns $550 Million Acquisition Offer
Joe Drumgoole
Joe Drumgoole
Is this greed or lunacy? $550 million clams! Is social networking the next dutch tulip craze?
Copacetic 
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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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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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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