to be fair, lack of acquisitions often go stupidly bad too.
digg refused to sell to multiple companies, ultimately turning down a $200m offer, only to do their next funding round only at $175m, and then they promptly collapsed.
groupon refused to sell to google for $6b and a few short years later wasn't worth shit. hell, groupon's collapsed was so bad the shock waves killed livingsocial and daily deal offerings from both google and amazon.
to be fair, lack of acquisitions often go stupidly bad too.
digg refused to sell to multiple companies, ultimately turning down a $200m offer, only to do their next funding round only at $175m, and then they promptly collapsed.
groupon refused to sell to google for $6b and a few short years later wasn't worth shit. hell, groupon's collapsed was so bad the shock waves killed livingsocial and daily deal offerings from both google and amazon.