What Happened When Yahoo Tried to Buy Facebook?

David Senra, reading Peter Thiel and Blake Masters, says Yahoo offered to buy Facebook for a billion dollars in July 2006 and Mark Zuckerberg refused to sell. Thiel wanted the board to at least consider the offer. Zuckerberg walked into the meeting and called it a formality that should take no more than 10 minutes.

Founders only sell when they have no more concrete visions for the company. Founders with robust plans do not sell. A big company bidding for a successful startup almost always offers too much or too little. Zuckerberg could see where he could take Facebook, and Yahoo could not. A business with a good definitive plan stays underrated wherever people treat the future as random.

A startup is the largest endeavor over which a founder can have definitive mastery, with agency over a small and important part of the world. The stance starts by rejecting the tyranny of chance. You are not a lottery ticket.