Why There Aren't More Googles
Umair Haque's assertion that startups don't become the next Google because they sell out too soon is flawed. In reality, companies like Google and Facebook were open to selling; they simply demanded more than potential acquirers were willing to pay. Startups that reject acquisition offers often fare better, possibly because founders with the courage to decline such offers tend to drive success. Google and Facebook's independence is largely due to acquirers underestimating them, a common trend in corporate M&A.