The Greatest Acquisition Ever

Written by Aviram on .

Firebase is a young startup - the company was founded in 2012 - that was recently acquired by Google. The acquisition size was not disclosed, but is almost definitely in the tens of millions of dollars.

Firebase does not have any patented amazing technologies that google had to own. Also, they have just finished a funding round one year earlier - so the startup definitely did not need the money and wasn't desperate for an acquisition. So what made google so eager to make the deal?

How to get acquired by Google

Written by Aviram on .

Firebase is a young startup - the company was founded in 2012 - that was recently acquired by google. The acquisition size was not disclosed, but is almost definitely in the tens of millions of dollars.

Firebase does not have any patented amazing technologies that google had to own. Also, they have just finished a funding round one year earlier - so the startup definitely did not need the money and wasn't desperate for an acquisition. So what made google so eager to make the deal?

Firebase started as a chat API service. In other words, they allowed developers and web site owners to easily provide chat services to users. But soon after launching, they noticed the users were using their chat service to transmit data; for example, game developers would use the chat service to synchronize the game state between different players. The machines were chatting, not the humans.

What is your goal as CEO?

Written by Aviram on .

As a CEO, what is your main objective? Some think their role is to make employees satisfied. Some try to "change the world" or make their customers happy. Others believe they are there to make amazing products. They are all wrong.

How important is culture?

Written by Aviram on .

How important is culture when running your startup? Some Silicon Valley gurus will tell you culture is very important. Peter Thiel says "run your startup like a cult" and his point is that culture will define your startup.

Other smart people will tell you to focus on execution, since you can't consciously affect your startup culture anyway.

I think they are both right.

Argue with me!

Written by Aviram on .

Korean visitors who come to our offices to meet my partners and me are often puzzled by our internal discussions.

The first look of amazement usually comes when they see how we disagree with each other. More often than not, once one of us will say his or her opinion, someone else will express a completely opposite opinion. Out loud. And in front of everyone.

Shifting Mindsets

Written by Sara on .

 An important step for Seoul's entrepreneurs may be nothing more than a shifting mindset.

 

The young CEO concluded his presentation and looked at us, breathless. After a long explanation of the complex algorithm he had developed, his eyes were wide and expectant. Having spent the better part of the past eight months working on a mobile application, his team felt ready to launch, and he had sought us out seeking mentorship and funding.