On: Letter to Myself in Late 2008

[amflare]

I imagine a lot of actions you would have to take to make a small company profitable would make it be unappealing to a company with more money. Better to burn the cash and lay a giant foundation rather than just build a tiny house.

Then you can sell the foundation by saying "Look how big of a house could be here!"

[gumby → amflare]

Having done a few aquisitions (on both sides of the transaction) over the years it's really easy to dictate terms when the company being bought lacks room to maneuver.