How To Build a $30M Startup Without Spending Any of Your Money 120
SpicyBrownMustard writes "Forbes has an article that follows up on the news/hype/buzz/hysteria surrounding the acquisitions of Summly and Wavii by Yahoo and Google, respectively. It's a rather comical write up with a rather sad ring of truth to it, especially that we now know that Summly was little more than a collection of existing technologies built by others. The article says, 'Stress that you have celebrity relationships, and that your app was built by a team that has several hundred successful apps in Google Play and IOS App Store. It doesn’t matter that those aren’t your team members, it is still true.' Summarization technologies are the 'big new thing' apparently. Don't miss out — make your summarization app today and hop onboard that gravy train!"
Re:A Black Eye for Female CEOs (Score:4, Informative)
Yahoo seems to have done something with this purchase that they haven't been able to do in a long time: get some positive press. They couldn't have bought this kind of press coverage for the millions they've spent on this kid.
Gender has nothing to do with it. In this case it was age.
Exactly. And that's the whole point so many people seem to be missing here: we nerds KNOW this "acquihire" was bogus and stupid, but the mainstream media and the 99% of non-geek population saw all the headlines about Yahoo! buying some hip startup (from a 17 year old genius no less!), said to themselves "that's cool" and MOVED ON to other issues.
IOW, Yahoo! bought "coolness" for 30 millions. I say it was a good deal.
Re:A Black Eye for Female CEOs (Score:4, Informative)
the woman decided that ALL of her teleworkers should come in and work in the office EFFECTIVE IMMEDIATELY,
No she didn't. The telecommuting is being phased out slowly, and employees have until June to transition to full time office work.
after she had to work from home after pregnancy.
Telecommuting and maternity leave are two different issues.