Updated: Yahoo CEO Carol Bartz hints at Foursquare approach: "It depends how much money they want"

Next Story

Infinity Ward employees sue Activision for up to $500 million over withheld bonuses

I just got out of a Yahoo! press conference in London where I got an opportunity to talk briefly with Yahoo CEO Carol Bartz.

The topic on everyone’s lips was Yahoo’s rumored talks with Foursquare, so I asked her what she thought of TechCrunch’s advice to the location-based startup: don’t sell out to Yahoo!.

Bartz’s response: “It depends how much money they want.”

It should be pointed out that Bartz was responding to a notional question. As in, what would Yahoo’s response would be to those who say (i.e. TechCrunch) startups should not sell to Yahoo, rather than a specific question about Foursquare. Admittedly it’s easy for everyone to have an opinion including bloggers about this kind of subject. However, I put it to her in the context of the rumours about Foursquare so she clearly knew what she was responding to.

Listen to the full audioboo below.

Listen!

  • http://fudzilla.com Jon Worrel

    She doesn’t seem to be a very elaborative type of CEO. Although brief in nature, the conversation was very nonchalant for its deep communicative viewpoint.

    • Alexis

      For her to elaborate, maybe the journalist should have been able to ask a proper question first, don’t you think?

      “You, er… there’s a lot, er…, obviously you… there’s the whole… lot of people talking aout Foursquare right now things like that”, etc., etc.

      Aren’t you supposed to be able to talk to become an interviewer nowadays?

      Frankly, I’m surprised she even took the time to try to give a sensible answer to a moronic sounding non-question…

      • Travis

        The question was what did she think about people who said companies like Foursquare should not sell to Yahoo because of their history of doing nothing with their purchases.

        Carol Bartz really failed to answer that. It was a soft pitch right at her to put a spin on the innovation at Yahoo. She could have pointed to Flickr and how it is still doing great. But instead she basically proved that Yahoo doesn’t do much thinking other than throwing money at these startups.

      • merk

        See what I’m talking about? With Yahoo — everything that matters is MONEY only. That’s why sooner or later that loser CEO (carol bartz) will sell every services yahoo still left.

        It will be the biggest mistake of foursquare, just in case they try to partner with yahoo…

    • http://recordctrl.com boylerob

      -1. Just writing a comment for the sake of trying to sound particularly articulate ends in a FAIL.

  • http://qworky.com/blog Mikal Lewis

    This reminds me of the post by Dan at alley insider.
    “After busting your butt for two years on a startup salary — and suddenly you have the chance to become a rich hotshot with a big job in a big company — wouldn’t you?”

    I have to agree. The decision gets much trickier.

    Read more: http://www.businessinsider.com/mintcom-founder-wanted-to-sell-vc-conspiracy-wrong-2009-9#ixzz0mOa0CqR1

  • http://www.facebook.com/dumblittleblogger?ref=profile Vishal Sanjay

    Thats not the answer I was waiting for, anyhow I’m sure Foursquare will be expensive for Yahoo, they may not have a huge audience, but they have achieved huge fame with a small audience, so this mean heavy growth.

    http://www.dumblittleblogger.com/

  • Andy

    You clearly squandered the opportunity here Mike.

  • Jones

    I’m no fan of Foursquare, but selling out to Yahoo would be a terrible error; if anything, Yahoo is terribly clueless, they’d just run it into the ground.

  • Daniel

    you sounded so nervous

  • http://www.facebook.com/passeos EJ

    I will be very disappointed if they sell out to Yahoo or MSFT. They will be crushed inside a big, plodding goliath.

  • K

    Bartz gave an awesome response to:
    “TechCrunch famously said blah blah …..”.

    Dear TechCrunch,

    World doesn’t revolve around you.

  • Erik

    It also depends if they want to work for you.

  • Brian Canton

    What you people fail to see is the upside. (I never knew technology folks have such negative outlook on things).
    Everyone is looking at what could go wrong, but at the same time there is a lot of what could go right.
    FourSquare can leverage yahoos economy of scale to reach more people, they could also destroy all threats that other LB Services are trying to provide.

    • Scott

      The likelihood of that happening though, is fairly small because of the way Yahoo handles its acquisitions. It has a terrible record of implementing technologies developed by smaller companies. Further, Yahoo doesn’t even know what it is, much less so the average user.

  • jimjerky

    She clearly didn’t understand the import of the question. She thought you meant “sell out” as in to sell for too small an amount.

    I do not think she understood you to mean that selling to Yahoo was a terrible idea. She’s really THAT clueless!

  • fm

    That’s a terrible blittering interview. Is the techcrunch interviewer nervous of Carol. Great answer by Carol. Techcrunch is full of s***. If someone offered a 100 million dollars for a company with no revenue model, you take the f***ing money. What an idiotic question. The digieratti are so full of crap.

    • Erik

      Foursquare may have many issues but one of them is not “no revenue model”. Any clown could make money with foursquare. Now if they can make enough money to justify a 80-120 million dollar valuation is a valid question. But clearly there is some revenue model there.

  • Jack

    Mike, why are you stuttering?

  • http://www.senecamedia.com/news/2010/04/28/it-depends-how-much-money-they-want/ It depends how much money they want « Seneca Media LLC

    […] press conference in London where I got an opportunity to talk briefly with Yahoo CEO Carol … http://eu.techcrunch.com/2010/04/28/yahoo-ceo-carol-bart-on-foursquare-it-depends-how-much-money-the… Filed under links Comment (RSS)  |  Trackback […]

  • anon

    just spit it out butcher!

  • http://hearwhere.com pedalpete

    As you may recall, Bartz said a few months ago that yahoo fortunes would turn around when the economy did.
    Basically saying that there was no actual plan for growth.

    Now, her most important thing with looking at a new company is ‘how much do they want’.

    She doesn’t mention yahoo innovation, what yahoo can provide?

    She talks about how it’s easy to tell other people what they should do, but in reality, it doesn’t seem like she has any vision of what she should be doing.

    She needs to take action on innovation, she needs to turn around yahoo’s fortune. She needs to answer Mike’s bloody question.

    She’s looking more useless by the minute!

    • http://hearwhere.com pedalpete

      Oh, and another thing. Shouldn’t a start-up be looking for more than just money when selling?
      Isn’t the way to get a great deal on an acquisition to be that the purchased company will get $$, plus the opportunity to xyz.
      .

  • Diisles

    Foursquare has a chance to be a big player in the Geo-mobile location ad market. This segment of advertising has not really been mastered by anyone as of yet, not by google, facebook, microsoft, yahoo, etc.. This market is in it’s infancy at about the same level that search was back in the early to mid 90’s. Google was trying to figure a way to monetize and we all know how that worked out. Now I’m not saying that Foursquare is like google so don’t jump all over me. I’m simply saying that people should be able to easily see why these location based social networks are in such a hot space right now. Monetizing will not be a problem for the leading 3 companies to make it out of this area, as for the rest some while get acquired and others will fold. Imagine if you could have invested in an early search company in the 90’s, like goto.com or any number of the others that got bought up!!!! This is where mobile location start ups are at now!!! So let’s sit back and enjoy the show.

    • http://ptechnorati.blogspot.com Paramendra Bhagat

      This is the most intelligent of all comments left here so far.

  • http://www.vcbytes.com Hitesh

    Y! please stay away from Foursquare, you will possibly have no clue what to do with Foursquare.
    http://www.vcbytes.com

    Hitesh

  • http://vc-list.com/?p=3722 Please Pass The Bong, Carol | Venture Capital & Angel Investors Lists News and Jobs

    […] couple of days ago, when asked about our post saying that Yahoo shouldn’t buy Foursquare, she told TechCrunch EU editor Mike Butcher “I think it’s very easy for people to talk about what somebody else […]

  • http://lotecnologico.com/2010/04/please-pass-the-bong-carol/ Tecnologia » Please Pass The Bong, Carol

    […] couple of days ago, when asked about our post saying that Yahoo shouldn’t buy Foursquare, she told TechCrunch EU editor Mike Butcher “I think it’s very easy for people to talk about what somebody else […]

  • http://brettmbell.com/2010/04/30/please-pass-the-bong-carol/ Please Pass The Bong, Carol | BrettMBell.com

    […] couple of days ago, when asked about our post saying that Yahoo shouldn’t buy Foursquare, she told TechCrunch EU editor Mike Butcher “I think it’s very easy for people to talk about what somebody else […]

  • http://www.qibug.com/2010/04/please-pass-the-bong-carol/ Please Pass The Bong, Carol | Tech stuff center

    […] couple of days ago, when asked about our post saying that Yahoo shouldn’t buy Foursquare, she told TechCrunch EU editor Mike Butcher “I think it’s very easy for people to talk about what somebody else […]

  • pal6969

    In the meantime Carol Bartz got “sold” as Yahoo’s CEO. Similarly than Freie Union got rid of Gabriele: http://freie-waehler.blogspot.com/2009/06/gabriele-pauli.html

blog comments powered by Disqus