Zero to One_ Notes on Startups, or How to Build the Future ( PDFDrive )

When a big company makes an offer to acquire a successful startup, it almost
always offers too much or too little: founders only sell when they have no more
concrete visions for the company, in which case the acquirer probably overpaid;
definite founders with robust plans don’t sell, which means the offer wasn’t high
enough. When Yahoo! offered to buy Facebook for $1 billion in July 2006, I
thought we should at least consider it. But Mark Zuckerberg walked into the
board meeting and announced: “Okay, guys, this is just a formality, it shouldn’t
take more than 10 minutes. We’re obviously not going to sell here.” Mark saw
where he could take the company, and Yahoo! didn’t. A business with a good
definite plan will always be underrated in a world where people see the future as
random.