Gordon: Only execute M&A deals if willing to pay double
Bing Gordon · 20VC: Kleiner Perkins' Bing Gordon on Lessons From Serving On Amazon & Zynga's Board, Why The Best Investors Are Good Listeners and Sceptical Optimists & The Most Important Value Add A VC Can Provide · Nov 27, 2017 · at 15:19
Bing Gordon, partner at Kleiner Perkins and former Electronic Arts executive, contrasts M&A pricing strategy with early-stage venture capital valuation sensitivity.
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“My math is never do a merger and acquisition deal if you wouldn't pay double. Because the ones that work, basically a year later, they're twice as valuable as you thought they were. And the ones that don't work, the amount you spend probably doesn't matter.”
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