omgpop

Showing 2 posts tagged omgpop

NUTS?

Business Insider messaged (a few times) to take issue with my quick hit on them yesterday. They note this in this story: “OMGPop Sold Way Too Early — They Left $800 Million On The Table”, they’re actually quoting someone else. 

Fair enough.

Just insert this one instead: Here’s Why $200 Million Is Cheap For Draw Something

It’s a robust three sentences of analysis linking to other analysis. And it’s the same basic idea: OMGPOP was dumb to sell — one year after their analysis that OMGPOP was crazy to think they could compete with Zynga.

Compete they did. Forced Zynga’s hand they did. It’s a great exit for everyone involved — entrepreneurs, investors, and Zynga. No second-guessing required. 

NUTS!

Business Insider on January 6, 2011 after OMGPOP’s $10 million Series B:

IS HE NUTS? This Guy Thinks He Can Beat A $5.5 Billion Company With A $10 Million Funding Round

Business Insider today after OMGPOP was purchased for about $200 million by aforementioned $5.5 billion (now public) company, Zynga:

“OMGPop Sold Way Too Early — They Left $800 Million On The Table”

You literally cannot win.

If they had turned down the offer, the headline would have been:

OMG: OMGPOP Nuts To Turn Down Zynga’s $200 Million Offer

Until a year from now when the follow-up headline would have been:

NUTS: OMGPOP Takes Zynga’s Billion Dollar Offer But Should Have Held Out A Year To Buy Zynga

Being right doesn’t matter. Only saying something, anything matters.

Update: NUTS?