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MAY 02, 2013 - Business Insider

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These Startups May Have Blown It By Turning Down $100 Million

It's common sense: If someone offers you $100 million, you accept and become fabulously rich. In Silicon Valley, common sense is replaced by an irrational desire to create an extraordinary company like Google or Facebook. For 99.99% of entrepreneurs, that mentality is profoundly stupid and the pursuit of a billion-dollar company has cost many founders life-changing fortunes. Here are four examples of companies that turned down $100 million offers, and it may have been a mistake. VIDDY: Last year, a video app called Viddy walked away from a $100 million offer, then lost all of its ... Read More

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