Monday, January 20, 2003
BUSINESS BY THE STOCK MARKET
After getting an offer to sell BullGuard to a very cool company, I've experienced how mad this world is. The founder - a brilliant business man and a geek - who really knows his downloads from his conversion rate, has done the major mistake of taking the company public. And now the company is uptight with Tie Plagued Spreadsheet Addicted McKinsey Dudes, who don't have a clue about the software business - but they do know all the about the latest Stock Exchange Code Of Conduct. That sucks - soo indeed. Mostly because this company could have gotten a brilliant platform for their own consumer product by going in as a minority stakeholder. BUT THE BOARD AND The McKinsey Schoolbook - said: WE WANT MAJORITY. Why dont they think twice and realise that the company they are now representing , once where small and needed the strong founders in charge of the shares ?
Wow I'm impressed with this world.
In two years we will be beating these guys even on their own product :) (nearly kidding) - hope you read this Lukas !
Ohh ya - the offer at $12 mill cash - came from someone else.
(comments to morten(at)prey4.com)
