When a $500 million deal is a bad deal
How many Canadian VCs or merchant banks can claim they’ve sold a portfolio company for more than $500 million? Not everyone. Wouldn’t we all like just one to see how it feels?
To give you a sense of how high the expectations are of top drawer U.S. venture capital firms, check out this story on TheDeal.com. Observers seems to think that the Good Technology sale to Motorola wasn’t the home run as might have been anticipated.
Pour in 200, get back 500. Doesn’t sound all that miserable.
Should RIM have bought it back in 2002 when they were pitched on it? Probably. But let’s see what Moto can do to fix the Q’s terrible IU before we worry about the demise of Blackberry (provided of course that they don’t take away our beloved trackwheel on the upcoming 8700 replacement).