Wednesday, May 1, 2013

This is only going to kill innovation in France..

Come on France.. What's wrong with you... what are you thinking? this is nuts.. you don't want your "ONLY" successful start-up to an American Company? How stupid you can be? One success story like (including sales to Yahoo) this will create hundred other start ups in your country.. there is no better motivation for innovation than money.. pure and simple money.. lots of money..

Moreover, this Daily-motion is distance second cousin to YouTube . I really don't see any major innovation (feel free to educate me if there are any major innovation ideas in Daily-motion)... it is surviving because some people are afraid of Google.. that is it.. There can be ten other companies like this who can really scale and do better than it.. it is, at the best ME-TOO version of YouTube which is popular in your country somehow.. and generated some good traction which resulted in $300M valuation.. I am sure it was peek.. or not.. nevertheless, let capitalism take its own course and if you want innovation and growth in your country try not to interfere with business.. just leave them alone..

Overall, I feel that Yahoo shareholders are lucky that they were spared few hundred million dollars from this acquisition.. which I see as buying users at the best.. I don't think that they will miss anything..

http://www.bloomberg.com/news/2013-04-30/yahoo-discussions-over-dailymotion-stall-french-official-says.html



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