Sean Bonner (who also has an interesting page of celebrities–including Yanni!– spotted at Starbucks) rants about the guys at Friendster, who recently turned down a $30 million buyout offer from Google:
How do you say no to $30 million dollars for an idea that isn’t even that good, not to mention your own? And one that isn’t even making any money on it’s own? Anyone remember the last time companies started making mega dollar amount offers for companies who’s business plans consisted mainly of banner ads and membership fees? Didn’t these guys learn anything from that?
Sean makes several salient points. What the heck are these guys smoking?