They couldn't have known that WhatsApp was getting bought out by that much. A billi in the bag is worth twenty in the bush.
Yes, of course they couldn't have known what WhatsApp was gonna sell for, but IG was and still is very popular. Given FB's valuation, I'm surprised they couldn't see that they were worth more than a Billi.
It reminds me of Victoria's Secret's founder selling for $1M. $1M was life changing money (in the 80s when this happened), but as we know today it was worth much more than that.
IG sold too early but you gotta remember, they have to answer to venture caplitalists
Agreed, I think they sold too early, and I gotta believe they're kicking themselves for it. I dunno how much of a say investors have, but if they were the one's pressuring the sale I'm sure they're kicking themselves too lol.