Poopstick wrote:Investors are indeed the real threat. You can't refuse a return on investment which represents your investment 10 folds.
Edit: selling would be IMHO a mistake. Apple is past (if not a dead man walking), crowdsourcing still has a long way to go with the newer generations which were born after Internet has become widespread.
Aren't you contradicting yourself there?
Private equity investors will happily turn down a 10x ROIC if future returns are estimated in excess of that. Just ask Ronald Wayne! In this case I'm pretty sure it's less than half of that anyway. $67m of investment vs Waze's supposed acceptable figure of $750m. Pretty sure Waze will have retained more than 50% of the company during funding! Which would also leave the ultimate decision in the hands of the Waze board presuming they didn't hand majority voting rights away which would be unusual if not unheard of.