os111

this is a good point. lj is an enormous site and the rumored price (reported in a russian newspaper) seems low.

i'd also be interested in hearing about lj founder brad fitzpatrick's departure and the return reported as part of this deal.

to clarify: valuation for acquisition, not for funding

thanks...not currently in negotiations but i may be in the near future.

Without revealing any trade secrets, is there anything you can say?

I just have no clue what to expect--I sit down at the table with a company that has expressed interest and ... ? Who says what first?

The reason I posted this here is because YC is in the unique position of having done this more than once. Especially the tiny startup/large company transaction.

Some more details on what I'd like to hear:

- Which party approached the other

- Who throws out the first offer

- How is value determined in the absence of any outside investments

- What are the attorney fees

- Negotiating favorable terms for post-acquisition work at the acquiring company