Comments on: The Odd Tale of Facebook, TipJoy, the Deal that Didn't Happen and the Hire that Did http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/ by Peter Kafka Mon, 06 Feb 2012 16:52:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Trever McGhee knows how to get micro-payments from Twitter users « deshazer.me isn't a virus http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-72797 Trever McGhee knows how to get micro-payments from Twitter users « deshazer.me isn't a virus Fri, 11 Feb 2011 02:27:18 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-72797 [...] do you raise money for a cause online? Like that ^. Just follow this example. TipJoy could’ve used this strategy to create an strong and profitable initial base. And Twitpay [...] [...] do you raise money for a cause online? Like that ^. Just follow this example. TipJoy could’ve used this strategy to create an strong and profitable initial base. And Twitpay [...]

]]> By: AlessandroMachi http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-17332 AlessandroMachi Wed, 13 Jan 2010 00:21:39 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-17332 This is an unethical move. The investors MUST BE compensated above and beyond their initial investment. Facebook is large enough and should care ethically enough to do the right thing and support the people who invested in tipjoy so that it would become worthwhile for facebook to do business with in the future.<br><br>Behind some unethical deals one may find an unethical lawyer who just wants to keep themselves busy by defending the actions of their employer, no matter how disrespectful the company may be in acknowledging the direct financial assistance of others.<br><br>If Facebook is going to misbehave from the get go, one can only imagine how ruthless they will become over time. This is an unethical move. The investors MUST BE compensated above and beyond their initial investment. Facebook is large enough and should care ethically enough to do the right thing and support the people who invested in tipjoy so that it would become worthwhile for facebook to do business with in the future.

Behind some unethical deals one may find an unethical lawyer who just wants to keep themselves busy by defending the actions of their employer, no matter how disrespectful the company may be in acknowledging the direct financial assistance of others.

If Facebook is going to misbehave from the get go, one can only imagine how ruthless they will become over time.

]]> By: Facebook will Bezahldienst starten - Internet | News | ZDNet.de http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-17320 Facebook will Bezahldienst starten - Internet | News | ZDNet.de Tue, 12 Jan 2010 18:05:24 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-17320 [...] [...] [...] [...]

]]> By: Gründungsvorhaben, in die ich nicht investieren möchte » MartinSinner.com http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9358 Gründungsvorhaben, in die ich nicht investieren möchte » MartinSinner.com Thu, 27 Aug 2009 12:58:47 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9358 [...] bei dem es um die intransparenten Vorgänge beim Versuch eines Trade-Sales und dem anschließenden Beginn eines Arbeitsverhältnisses eines der Gründer bei Facebook, einem der Unternehmen mit dem über den Trade-Sale gesprochen [...] [...] bei dem es um die intransparenten Vorgänge beim Versuch eines Trade-Sales und dem anschließenden Beginn eines Arbeitsverhältnisses eines der Gründer bei Facebook, einem der Unternehmen mit dem über den Trade-Sale gesprochen [...]

]]> By: Daily Friction #365 http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9286 Daily Friction #365 Tue, 25 Aug 2009 17:48:25 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9286 [...] The Odd Tale of Facebook, TipJoy, the Deal that Didn’t Happen and the Hire that Did - What’s next for the team behind Tipjoy, a micropayments service that closed its doors this week? For one of the company’s founders, it’s a job at Facebook–the social network that offered to buy the start-up this summer, then walked away from the deal. [...] [...] The Odd Tale of Facebook, TipJoy, the Deal that Didn’t Happen and the Hire that Did – What’s next for the team behind Tipjoy, a micropayments service that closed its doors this week? For one of the company’s founders, it’s a job at Facebook–the social network that offered to buy the start-up this summer, then walked away from the deal. [...]

]]> By: Facebook Considered Buying TipJoy, Continues Social Commerce Experiments http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9246 Facebook Considered Buying TipJoy, Continues Social Commerce Experiments Mon, 24 Aug 2009 21:56:15 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9246 [...] days ago, Peter Kafka at AllThingsD reported that before shutting down recently, social payment service TipJoy was in talks with a variety of [...] [...] days ago, Peter Kafka at AllThingsD reported that before shutting down recently, social payment service TipJoy was in talks with a variety of [...]

]]> By: Kortbloggat på digitalpr.se-23 August 2009 | Strandh.DigitalPR http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9195 Kortbloggat på digitalpr.se-23 August 2009 | Strandh.DigitalPR Sun, 23 Aug 2009 20:01:03 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9195 [...] The Odd Tale of Facebook, TipJoy, the Deal that Didn’t Happen and the Hire that Did [...] [...] The Odd Tale of Facebook, TipJoy, the Deal that Didn’t Happen and the Hire that Did [...]

]]> By: Robert Lee http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9194 Robert Lee Sun, 23 Aug 2009 18:21:42 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9194 And another one bites the dust. Proving once again that all the millions thrown into the many variations and permutations of software-based micropayment "solutions" do not and will not ever work. Essentially when you look at the failure of similar prior concepts such as BitPass (funded by Guy Kawasaki, no less), Peppercoin (founded by Ron Rivest of RSA Security & Verisign) and now TipJoy, each and every one of them follows pretty much the same model: develop a software-based, proprietary network that's going to take over the world. NOT! There's only one real process that will work and it has to do so while embracing the existing infrastructure instead of trying to completely break from it. Ask PayPal: After spending millions looking at micropayments, their own solution absolutely sucks and the people who use it are the first to tell you so. Do you think if anyone could have solved it that way, wouldn't it be PayPal? Believe it or not, Walt saw this solution several years ago and got it right away. And another one bites the dust. Proving once again that all the millions thrown into the many variations and permutations of software-based micropayment “solutions” do not and will not ever work.

Essentially when you look at the failure of similar prior concepts such as BitPass (funded by Guy Kawasaki, no less), Peppercoin (founded by Ron Rivest of RSA Security & Verisign) and now TipJoy, each and every one of them follows pretty much the same model: develop a software-based, proprietary network that’s going to take over the world. NOT! There’s only one real process that will work and it has to do so while embracing the existing infrastructure instead of trying to completely break from it.

Ask PayPal: After spending millions looking at micropayments, their own solution absolutely sucks and the people who use it are the first to tell you so. Do you think if anyone could have solved it that way, wouldn’t it be PayPal?

Believe it or not, Walt saw this solution several years ago and got it right away.

]]> By: Facebook plans to become the virtual wallet for its 250 million users http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9193 Facebook plans to become the virtual wallet for its 250 million users Sun, 23 Aug 2009 16:02:53 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9193 [...] million users But Facebook engineers aren’t always so modest. Take Ivan Kirigin, who joined Facebook on Monday. Previously, he’d been the cofounder of a micro-payments startup called [...] [...] million users But Facebook engineers aren’t always so modest. Take Ivan Kirigin, who joined Facebook on Monday. Previously, he’d been the cofounder of a micro-payments startup called [...]

]]> By: Finance Geek » The Murdochs Take A Pay Cut http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9190 Finance Geek » The Murdochs Take A Pay Cut Sun, 23 Aug 2009 14:23:53 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9190 [...] Facebook offered to buy a startup, but then just hired its cofounder instead [Media Memo] [...] [...] Facebook offered to buy a startup, but then just hired its cofounder instead [Media Memo] [...]

]]> By: Casey-Computing and Technology » The Murdochs Take A Pay Cut http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9189 Casey-Computing and Technology » The Murdochs Take A Pay Cut Sun, 23 Aug 2009 14:21:24 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9189 [...] Facebook offered to buy a startup, but then just hired its cofounder instead [Media Memo] [...] [...] Facebook offered to buy a startup, but then just hired its cofounder instead [Media Memo] [...]

]]> By: Around The Interwebs with (jeff)isageek – August 23rd | (jeff)isageek.net http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9186 Around The Interwebs with (jeff)isageek – August 23rd | (jeff)isageek.net Sun, 23 Aug 2009 11:02:36 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9186 [...] The Odd Tale of Facebook, TipJoy, the Deal that Didn’t Happen and the Hire that Did Share this on BlinklistShare this on del.icio.usDigg this!Post this on DiigoShare this on [...] [...] The Odd Tale of Facebook, TipJoy, the Deal that Didn’t Happen and the Hire that Did Share this on BlinklistShare this on del.icio.usDigg this!Post this on DiigoShare this on [...]

]]> By: Why buy when you can hire? | Bookmarks http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9180 Why buy when you can hire? | Bookmarks Sun, 23 Aug 2009 04:10:13 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9180 [...] a husband and wife team.  The pair raised $1MM from investors and were in the process of trying to sell the company to Twitter or Facebook.  Facebook had given the pair a term sheet to acquire the company, but at the 11th hour the offer [...] [...] a husband and wife team.  The pair raised $1MM from investors and were in the process of trying to sell the company to Twitter or Facebook.  Facebook had given the pair a term sheet to acquire the company, but at the 11th hour the offer [...]

]]> By: Social Milestone » Blog Archive » TipJoy Shuts Down; Co-Founder Ivan Kirigin Joins Facebook | Peter … http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9173 Social Milestone » Blog Archive » TipJoy Shuts Down; Co-Founder Ivan Kirigin Joins Facebook | Peter … Sat, 22 Aug 2009 23:46:03 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9173 [...] http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-... Share and [...] [...] http://mediamemo.allthingsd.co.....-happen-... Share and [...]

]]> By: Dave Esmo http://mediamemo.allthingsd.com/20090822/the-odd-tale-of-facebook-tipjoy-the-deal-that-didnt-happen-and-the-hire-that-did/comment-page-1/#comment-9170 Dave Esmo Sat, 22 Aug 2009 20:55:00 +0000 http://mediamemo.allthingsd.com/?p=10174#comment-9170 Wow, that's a pretty bad move. Had a termsheet but it was withdrawn and a job offered? And from reading t hat forum thread it looks like Paul Graham ASKED facebook to give him a job! That's juts bad. Big losers are investors who bet on a guy who doesn't know what he's doing. Wow, that’s a pretty bad move. Had a termsheet but it was withdrawn and a job offered? And from reading t hat forum thread it looks like Paul Graham ASKED facebook to give him a job! That’s juts bad.

Big losers are investors who bet on a guy who doesn’t know what he’s doing.

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