Comments on: Entrepreneurs and investors can learn from the Facebook TipJoy “scandal” http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/ My professional blog. Topics likely to include social, tech, media, and entrepreneurship. Fri, 12 Mar 2010 03:36:28 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: sylvainperrier http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-181 sylvainperrier Tue, 25 Aug 2009 00:00:50 +0000 http://jeffhilimire.com/?p=443#comment-181 TipJoy's Founders could have avoided the whole situation if they would have included 1st of all a Non-Solicitation clause in their Mutual Non-Disclosure Agreement with Facebook. TipJoy's Founders could have avoided the whole situation if they would have included 1st of all a Non-Solicitation clause in their Mutual Non-Disclosure Agreement with Facebook.

]]> By: Jeff Hilimire http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-180 Jeff Hilimire Tue, 25 Aug 2009 00:00:40 +0000 http://jeffhilimire.com/?p=443#comment-180 Yep, you nailed it. That would certainly cloud your decision-making process. Knowing that is an option is what I'm not liking about this whole situation. I'd hate for this to become a trend; having a huge public company like Facebook involved will only make more people consider this route. Yep, you nailed it. That would certainly cloud your decision-making process. Knowing that is an option is what I'm not liking about this whole situation. I'd hate for this to become a trend; having a huge public company like Facebook involved will only make more people consider this route.

]]> By: Jeff Hilimire http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-179 Jeff Hilimire Mon, 24 Aug 2009 23:55:43 +0000 http://jeffhilimire.com/?p=443#comment-179 Definitely the right move for Facebook if they could get away with it (and they did). My concern is that this might start a precedence. It's a slippery slope.<br><br>If Y Cominantor really was in support of this (they say they are though they have every reason not to piss off Facebook publicly), then its probably a fine thing. Though I'm not so sure that YC loved the idea. Definitely the right move for Facebook if they could get away with it (and they did). My concern is that this might start a precedence. It's a slippery slope.

If Y Cominantor really was in support of this (they say they are though they have every reason not to piss off Facebook publicly), then its probably a fine thing. Though I'm not so sure that YC loved the idea.

]]> By: sylvainperrier http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-97 sylvainperrier Mon, 24 Aug 2009 17:00:50 +0000 http://jeffhilimire.com/?p=443#comment-97 TipJoy's Founders could have avoided the whole situation if they would have included 1st of all a Non-Solicitation clause in their Mutual Non-Disclosure Agreement with Facebook. TipJoy's Founders could have avoided the whole situation if they would have included 1st of all a Non-Solicitation clause in their Mutual Non-Disclosure Agreement with Facebook.

]]> By: Jeff Hilimire http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-96 Jeff Hilimire Mon, 24 Aug 2009 17:00:40 +0000 http://jeffhilimire.com/?p=443#comment-96 Yep, you nailed it. That would certainly cloud your decision-making process. Knowing that is an option is what I'm not liking about this whole situation. I'd hate for this to become a trend; having a huge public company like Facebook involved will only make more people consider this route. Yep, you nailed it. That would certainly cloud your decision-making process. Knowing that is an option is what I'm not liking about this whole situation. I'd hate for this to become a trend; having a huge public company like Facebook involved will only make more people consider this route.

]]> By: Jeff Hilimire http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-95 Jeff Hilimire Mon, 24 Aug 2009 16:55:43 +0000 http://jeffhilimire.com/?p=443#comment-95 Definitely the right move for Facebook if they could get away with it (and they did). My concern is that this might start a precedence. It's a slippery slope.<br><br>If Y Cominantor really was in support of this (they say they are though they have every reason not to piss off Facebook publicly), then its probably a fine thing. Though I'm not so sure that YC loved the idea. Definitely the right move for Facebook if they could get away with it (and they did). My concern is that this might start a precedence. It's a slippery slope.

If Y Cominantor really was in support of this (they say they are though they have every reason not to piss off Facebook publicly), then its probably a fine thing. Though I'm not so sure that YC loved the idea.

]]> By: IvanJoy http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-94 IvanJoy Mon, 24 Aug 2009 08:21:10 +0000 http://jeffhilimire.com/?p=443#comment-94 Anyway you look at it, knowing that you had a potential job offer at Facebook would cloud your vision about the acquisition process and/or continuing on with the business. The real question, is why did they so no to Twitter, which would have been the logical acquiror? That seems like the biggest mistake here. Anyway you look at it, knowing that you had a potential job offer at Facebook would cloud your vision about the acquisition process and/or continuing on with the business. The real question, is why did they so no to Twitter, which would have been the logical acquiror? That seems like the biggest mistake here.

]]> By: Todd http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-93 Todd Mon, 24 Aug 2009 00:00:28 +0000 http://jeffhilimire.com/?p=443#comment-93 This might help clarify: <a href="http://news.ycombinator.com/item?id=779693" rel="nofollow">http://news.ycombinator.com/item?id=779693</a><br><br>Apparently, there were no remaining suitors.<br><br>Looks like TC had it wrong.<br><br>Due diligence does allow a potential buyer the ability to see that cash is low and a yard sale is forthcoming. I guess at that point, it's their option to take the discount route and just employ instead of buy.<br><br>Seems like a good business decision by FB, if in fact TJ was done. This might help clarify: http://news.ycombinator.com/item?id=779693

Apparently, there were no remaining suitors.

Looks like TC had it wrong.

Due diligence does allow a potential buyer the ability to see that cash is low and a yard sale is forthcoming. I guess at that point, it's their option to take the discount route and just employ instead of buy.

Seems like a good business decision by FB, if in fact TJ was done.

]]> By: andrewwatson http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-92 andrewwatson Sun, 23 Aug 2009 23:30:41 +0000 http://jeffhilimire.com/?p=443#comment-92 Even if you didn't walk away from a deal, it still seems like ppl are being left holding broken pieces and you've got a new job to look forward to. <br><br>The perception is that you wronged your startup and the people who put their time and energy into it. That's what freaks people out. Even if you didn't walk away from a deal, it still seems like ppl are being left holding broken pieces and you've got a new job to look forward to.

The perception is that you wronged your startup and the people who put their time and energy into it. That's what freaks people out.

]]> By: Jeff Hilimire http://jeffhilimire.com/2009/08/entrepreneurs-and-investors-can-learn-from-the-facebook-tipjoy-scandal/comment-page-1/#comment-91 Jeff Hilimire Sun, 23 Aug 2009 20:52:49 +0000 http://jeffhilimire.com/?p=443#comment-91 No I didn't reread the Techcrunch article because you insinuated that they didn't get the facts straight. <br><br>Based on your comment it would seem either Facebook pulled the deal away or you guys are still working on a deal or something? <br><br>So why don't you set us straight and tell us what really happened instead of just vaguely saying no one has the facts right. No I didn't reread the Techcrunch article because you insinuated that they didn't get the facts straight.

Based on your comment it would seem either Facebook pulled the deal away or you guys are still working on a deal or something?

So why don't you set us straight and tell us what really happened instead of just vaguely saying no one has the facts right.

]]>