Selling off one’s companies to bigger ones to rake in the profits is a long-proven technique of business success. Yet, there are many entrepreneurs who have resisted the lure of acquisitions to simply build on from the good work done with their start-up. One such example is that of online retailer Carousell, whose Founder Quek Siu Rui turned down a hundred-million-dollar offer, but now runs the same company that is worth five times that figure. Foursquare was an early social media success, but turned down acquisition proposals from both Facebook and Yahoo. Its own estimate was higher which they turned down. Now Foursquare has leveraged its massive big data credentials, monetizing the same. Twitter was offered a similar deal by rival Facebook in the early days. Now, Twitter is one of the top platforms for companies’ digital marketing efforts. Others going through such a brave though complicated route include PK4 Media, Snapchat, Coffee Meets Bagel, Bumble, Qualtrics and Flexport.

Source:https://www.entrepreneur.com/slideshow/317511

Uploaded Date:11 September 2018