(no title)
milge
|
9 years ago
None of my projects went anywhere, and eventually, I gave up. I used to have the rosy view that with enough work you'll get there. That's largely untrue. You also need to know the right people (connections) and be very lucky. I hate to be a downer, but you don't often hear this side of the opinion.
sean_patel|9 years ago
Not sure about 'being lucky' but 'knowing the right people' is very true.
After Marissa Mayers took over the reins of Yahoo, she went on a 'buying spree'. Several of her acquisition were questionable, including an app called 'Summly' - a seemingly simple app that "summarized news" that she purchased for Yahoo, by paying 30 MILLION in ALL CASH deal.
Even the algorithm that it used to summarize wasn't his own. He outsourced that work (the core functionality) to http://www.sri.com/
It was later revealed in a Forbes or BI article that this '15 year old teen hacker genius''s family (either mom or dad) and Mayer's husband were buddies at Goldman Sachs or something of that nature.
Related reading:
Yahoo Paid $30 Million in Cash for 18 Months of Young Summly Entrepreneur’s Time => http://allthingsd.com/20130325/yahoo-paid-30-million-in-cash...
Here's What Happened To All 53 of Marissa Mayer's Yahoo Acquisitions => http://gizmodo.com/heres-what-happened-to-all-of-marissa-may...
raarts|9 years ago
serg_chernata|9 years ago
throw9322|9 years ago
milge|9 years ago