-TW
May 16, 2012, 04:28 AM
It's the oft-told YOUTUBE story.
3 guys in a garage develop the biz. Shortly thereafter google buys them out for 1.6 BILLION!
One little factoid usually missing from the telling of the story... Their idea PLUS [little factoid] = huge success.
That missing piece is... err, ummm, ELEVEN MILLION DOLLARS they were lent to develop the biz.
Full story here... http://en.wikipedia.org/wiki/YouTube
So, yes it's a rags to riches story, if by "rags" you mean $11,000,000.00 !!!
-- TW
3 guys in a garage develop the biz. Shortly thereafter google buys them out for 1.6 BILLION!
One little factoid usually missing from the telling of the story... Their idea PLUS [little factoid] = huge success.
That missing piece is... err, ummm, ELEVEN MILLION DOLLARS they were lent to develop the biz.
Full story here... http://en.wikipedia.org/wiki/YouTube
So, yes it's a rags to riches story, if by "rags" you mean $11,000,000.00 !!!
-- TW
