I am advising an entrepreneur who is close to raising money. He is looking at 1 soft offer (not a term sheet) from a VC, a buyout offer from a media company and an investment offer from another.
He asked me this, and not being one to pontificate when I am not 100% of the answer, I am turning this over to you people.
We’ve read about how VCs have changed their modus operandi to reflect the times (for example, they are now more willing than ever to let entrepreneurs take money off the table etc.), I wonder, have strategic investors changed, too?
Previously media companies invested asking for control (over 50%), rights (Right of First Refusal, etc.).
But now that traditional media is seeing an acceleration of their business (audience and advertising clients) and more of them understand that they need to acquire companies to accelerate organic growth, do you think that Big Media is more or less willing to show flexibility in what they ask for in their deals?
Interesting question. If anyone has any cases or arguments, leave in comments (I know, I need to get rid or improve the Captcha) or email me ash@mojosupreme.com.
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WatchMojo NewsletterI read, and re-read, Paid Content’s summary of NYTCo.’s discussion at the Goldman Internet conference. CEO Janet Robinson and VP of Digital Martin Nisenholtz talk about a lot of things but the one thing that would swing the pendellum for print media - video - seems to have been MIA.
Odd. Video is the one thing that can sort of make up for print missing Web 1.0’s growth. TV companies will view video online just as the print guys saw the Web in general 10 years ago. Look how well that turned out.
Google is trying to torpedo MSFT’s cash cow by giving away Google Docs and becoming an operating system online.
In turn, MSFT is trying to torpedo Google by giving away search ads.
Nice, all we need is Mel Gibson to don his Mad Max attire and we’re all set…
I’m headed for the bunker.
It will sure be a sad sight when all of those hundreds of millions invested in social networking sites will have to be written off…
Of course, I doubt that will happen. What will happen is a number of these companies will scrap their ad supported business plans and come up with something else to fleece investors next time around.
Read more: global ad estimates revised downwards for social networking sites. Here’s the original study on eMarketer.
Translation: crap is actually crap in French, German, Russian, etc., too!
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