"Even if the number is attractive, if the odds of closing are low...it may not be something you want to do." - David Sacks on assessing an acquisition offer
Three Things We Learned
PEV's, the 2d electric revolution
David's latest venture is an electric scooter sharing service, Bird.com. Personal electric vehicles are more than a toy. With the advances in batteries, they've become a viable solution for the average 2-mile commute in cities. Instead of taking the time to grab an Uber or pedaling to your meeting, you can hop on an electric scooter and be at your destination in no time. It's a liberating, exhilarating and fun happy medium between cars and pedal power!
Viral ideas create categories
The landscape 10 years ago for category design was static with blogs and wiki's. To continue with the status quo was a recipe for failure. David looked a the trends in social media and drafted off of that exploding marketplace by applying that model to an enterprise environment. Within 2 years, Yammer was the new definition of enterprise communication software created out of a necessity to survive and thrive. A new category, Enterprise Social Networking was born.
False starts are a brain-drain
What happens when a giant company, such as Microsoft shows up with an acquisition interest? The dance can be dangerous and detrimental, especially since most never see fruition. Rumors begin buzzing around and soon your workforce is more consumed with their future than focusing on work. The wheels grind to a halt and the dynamic workplace becomes somewhat stagnant. A game changer for David was to find a deal advisor to manage any outside interests in his company. They could interpret the process and stop the distractions and drain on his time and resources.