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May 23, 2011 08:06 pm GMT
So this is interesting. At TechCrunch Disrupt, Path's co-founder Dave Morin sat down with our own Jason Kincaid to discuss Path's strategy and growth. During the conversation, Kincaid asked Morin about that $100 million acquisition offer from Google that we reported previously.As our report goes, in early December Path had a signed term sheet with Kleiner Perkins and Index fpr a $8.5 million raise. At that point Google made an acquisition offer for a whopping $100 million for the company plus an earnout of $25 million to be paid over four years. Google wanted Path because they loved the team, particularly the team's "design skills," and were very enthusiastic to get a prominent ex-Facebooker, Morin, at Google.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uQ-LfQ6bo1Y/
The Truth About Why Path Turned Down A $100 Million Acquisition Offer From Google
So this is interesting. At TechCrunch Disrupt, Path's co-founder Dave Morin sat down with our own Jason Kincaid to discuss Path's strategy and growth. During the conversation, Kincaid asked Morin about that $100 million acquisition offer from Google that we reported previously.As our report goes, in early December Path had a signed term sheet with Kleiner Perkins and Index fpr a $8.5 million raise. At that point Google made an acquisition offer for a whopping $100 million for the company plus an earnout of $25 million to be paid over four years. Google wanted Path because they loved the team, particularly the team's "design skills," and were very enthusiastic to get a prominent ex-Facebooker, Morin, at Google.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uQ-LfQ6bo1Y/
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