Monthly Archive for October, 2012

A great result for Alakaboo!

Markus Moonie, the Swiss founder of Alakaboo (a vegetable photo sharing site), has announced that Facebook will be acquiring the startup he founded for an undisclosed amount. The two time entrepreneur who previously sold his first startup to the Non-profit Creative Commons, says he found Facebook to have a unique view and aligned passion for what he was building.

 “Starting a business is hard. Creating a website with a ‘to be launched’ page, pivoting three times, feeling importance in being able to hire and fire people, and talking to investors who have no idea in picking the next big star but backed me because I’ve got good SEO on my blog and look like a good bet along with my Berkeley, D-Combinator, Creative Commons branding — means I have the right to talk like I know what I’m doing”. Moonie says that the decision to sell was based on what he thought was best for him, a refreshing change as most entrepreneurs are working to make their investors money and represents a nascent trend in how the power has shifted to entrepreneurs in today’s market.
Moonie considered the funding environment, which is going gangbusters — and what it would take to execute on his vision like an actual product that people want. He believes that it would make much more sense if he was to sell as a talent acquisition so that he can get name brand recognition of Facebook, the 2X tag that puts him on par with other entrepreneurs as successful, as well as stock options in a company that actually has a future. The fact he had no cash left in the bank and couldn’t raise additional money was a secondary consideration, according to Moonie.
We reached out for comment and Facebook declined to comment other than saying they will be shutting down Alakaboo, firing all the non-engineers in the team, and putting Moonie in a Operations manager role for a role that requires relationships with the Creative Commons and nothing to do with vegetable photo sharing. Once again, yet another win for Switzerland and D-Combinator, who produce title-but-not-substance ‘founder’ engineers and inspire the next generation of snake oil producers.
All names, entity’s, and events in this post are fictional.