Telsa’s $1.5 billion IPO this week delivered one of the biggest exits for a venture backed tech company in the last five years.
Do you know what the biggest was?
Hint: The founder of this company worked at Facebook for a few weeks when Facebook was just starting
Steve Chen, and his co-founder Chad Hurley sold YouTube to Google for $1.65 billion in October 2006.
As of July 2009, Zappos became an Amazon company. All it took was $890 million or so. (Tony Hsieh says he had to sell because of the recession, he couldn't provide all the perks for employees he wanted.)
Google shelled out $750 million just to keep AdMob away from Apple. Google announced the purchase in November 2009.
Pure Digital, maker of the Flip, sold itself to Cisco for $650 million in March 2009. With smartphones having HD video now, we think Flip is in trouble.
Yahoo paid $350 million for Zimbra in September 2007. (It never made sense, which is why Yahoo sold it for just over $100 million)
eBay paid $4.1 billion for Skype in September 2005, then sold it September 2009 for $2.75 billion. (Though it held on to 35% of Skype)
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