What happens when you sell your baby, the company you’ve spent years developing, to a massive tech company? Sometimes the company does what it wants with your technology, you stick around for a few years, and then cash out. In the case of David Karp and his company, Tumblr, which he sold to Yahoo for $1.1 billion almost a year ago, things are going just the way he wanted them to.
In a recent profile in The New York Times, Karp explains his initial fears, he said he was terrified that Yahoo would scoop up Tumblr and then change everything that he had worked so hard on. That hasn’t been the case, however, and it appears that Yahoo may actually be quite a desirable place to sell your startup to, should you ever get the chance.
“We’re our own shop,” Karp told The New York Times. “We have our own leadership, and we’re doing things our own way.”
Among the media, there have been concerns that developers like Karp no longer want to go work for firms like Yahoo, and instead look to firms such as Facebook, Google and Apple as possible suitors for their projects. Melissa Mayer, however, has put a renewed focus on the company’s mobile applications, among which Tumblr plays a role, and its social networking presence – Tumblr’s bread and butter.
Karp admitted that the vibe inside Yahoo is different, but that he and his team are still happy to be a part of Mayer’s ship. One big question also proposed by The New York Times but left unanswered: could Karp have commanded more for Tumblr had he turned down Yahoo’s bid?