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	<title>mathewingram.com/work &#187; schneider</title>
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		<title>A VC who didn&#8217;t want to cash out</title>
		<link>http://www.mathewingram.com/work/2006/04/19/a-vc-who-didnt-want-to-cash-out/</link>
		<comments>http://www.mathewingram.com/work/2006/04/19/a-vc-who-didnt-want-to-cash-out/#comments</comments>
		<pubDate>Thu, 20 Apr 2006 02:00:31 +0000</pubDate>
		<dc:creator>Mathew</dc:creator>
				<category><![CDATA[Web2.0]]></category>
		<category><![CDATA[mullenweg]]></category>
		<category><![CDATA[schneider]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[venturecapital]]></category>
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		<description><![CDATA[Interesting quote from an interview John Battelle did with Toni Schneider in Business 2.0 magazine, where they talked about why Toni has left Yahoo to work at Matt &#8220;WordPress&#8221; Mullenweg&#8217;s Automattic.com. Schneider helped start Oddpost, the Ajax-ified Web-based email service that Yahoo snapped up awhile back, and worked at Yahoo for awhile before deciding he [...]]]></description>
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<p>Interesting quote from <a href="http://money.cnn.com/2006/04/18/magazines/business2/startuptype/">an interview</a> John Battelle did with Toni Schneider in Business 2.0 magazine, where they talked about why Toni has left Yahoo to work at Matt &#8220;WordPress&#8221; Mullenweg&#8217;s <a href="http://Automattic.com" title="http://Automattic.com" target="_blank">Automattic.com</a>. Schneider helped start Oddpost, the Ajax-ified Web-based email service that Yahoo snapped up awhile back, and worked at Yahoo for awhile before deciding he liked the startup game better. Right at the end of <a href="http://money.cnn.com/2006/04/18/magazines/business2/startuptype/">the article</a> he says of the Yahoo acquisition of Oddpost: &#8220;The only person who didn&#8217;t want to do the deal was Tim Draper, one of our lead investors. He said, &#8216;You&#8217;re selling too cheap. It&#8217;s too early. You could be the next Microsoft. They&#8217;re stealing this company.&#8217;&#8221; See? Not every venture capitalist wants to just cash out at the first sign of a takeover offer  :-)</p>
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