????雖然如此，25-30%的典型并購(gòu)溢價(jià)對(duì)我們或者董事會(huì)來說都是遠(yuǎn)遠(yuǎn)不夠的,。我們逃出生天,，艱苦奮戰(zhàn)，苦熬時(shí)日,，建設(shè)了這樣偉大的公司,，并不只是為了賣個(gè)10美元的賤價(jià)。我們下定決心：只有出價(jià)遠(yuǎn)高于我們作為獨(dú)立運(yùn)營(yíng)公司所能達(dá)到的價(jià)值,，我們才考慮出售,。

????Here's the recommendation from our February 2007 board update:

????下面就是來自2007年2月董事會(huì)更新演示的推薦：

????That said, selling for a typical enterprise M&A premium of 25-30% didn't feel compelling to us or the board. We hadn't escaped the jaws of death and worked this hard, for this long, to build a great company, only to sell it for 10 bucks a share. We were resolved: The only way we'd consider selling was for a price much higher than what we felt we could achieve in the standalone case.

????Here's the recommendation from our February 2007 board update:

????接下來我們和眾多追求者進(jìn)行了長(zhǎng)達(dá)三個(gè)月的戲劇性周旋，考驗(yàn)了我們的談判和商務(wù)技巧以及我們的決心,。

????待續(xù)：大戲上演

????約翰?奧法雷爾是風(fēng)投基金安德森霍洛維茨（Andreessen Horowitz）的普通合伙人,，他的博客地址為http://john.a16z.com/。他指導(dǎo)公司對(duì)Facebook, Twitter和團(tuán)購(gòu)網(wǎng)站Groupon的投資,，并幫助投資組合公司進(jìn)行商業(yè)合作,、戰(zhàn)略交易及全球擴(kuò)張。在加入安德森霍洛維茨之前,，奧法雷爾曾擔(dān)任過Silver Spring Networks, Opsware及Excite@Home的執(zhí)行副總裁,。在其早期職業(yè)生涯中，奧法雷爾曾在美國(guó)和歐洲供職于美國(guó)西部電信（US WEST）,、博思艾倫（Booz Allen）,、愛爾蘭電信（Telecom Ireland）、歐盟委員會(huì)（the EU Commission）,、數(shù)字設(shè)備公司（DEC）和西門子（Siemens）,。奧法雷爾擁有斯坦福大學(xué)商學(xué)院MBA學(xué)位和都柏林大學(xué)電子工程學(xué)士學(xué)位， 精通英,、德、法,、葡四國(guó)語言,。

????That led us into a dramatic three-month dance with a series of suitors that would test our negotiating and business skills, as well as our resolve.

????Next up: The Dance Begins

????John O'Farrell is a general partner at Andreessen Horowitz and his blog can be read athttp://john.a16z.com/. John led the firm's investments in Facebook, Twitter and Groupon, and works with portfolio companies on partnering, strategic transactions and global expansion. Prior to Andreessen Horowitz, John held Executive Vice President positions at Silver Spring Networks, Opsware and Excite@Home. Earlier in his career, John worked in the United States and Europe with US WEST, Booz Allen, Telecom Ireland, the EU Commission, Digital Equipment and Siemens. John has an MBA from the Stanford Graduate School of Business and a Bachelor of Electronic Engineering from University College Dublin. He speaks English, German, French and Portuguese.