While the value proposition offered between our product Attassa and that of Xobni is not identical, there is enough similarities between the 2 technologies and value, that they’ve always been on our radar. So watching their progress all the way from Y-Combinator to Bill Gates Demo, it always seemed clear to me that a Microsoft acquisition was a likely exit. So it wasn’t too much of a surprise when I read today that Microsoft is mulling over an offer.
I’m rather intrigued by the $20 million dollar speculated offer.
On one hand, Xobni has been overwhelmingly successful at proving that they can generate buzz. Watching Bill Gates Demo, was proof enough to me that they’ve nailed out their vision with great success. Considering this and the 4M first round of funding, I’m inclined to think that taking a $20M exit would be leaving a serious chunk of change on the table.
On the other hand, what Xobni has yet to prove out is a business model. Furthermore, they’ve yet to prove that their product provides real time or cost benefit to the end user … beyond an Outlook bell or whistle. If they’re concerned about either … a $20 might be humored.
I’d be shocked if they took anything close.
David – Attassa (That’s “Attassa” spelled backwards, and then spelled backwards again)