XYZ CEO says he won’t be selling the company to Google or any other company

After Google’s massive Alphabet restructuring, the company registered the domain abc.xyz instead of using a traditional .com domain. As you’d expect, this drove a ton of extra traffic for XYZ as a company, and they saw a large increase in domain registration the week following the news.

Not only have registrations spiked, but according to CEO Daniel Negari, XYZ has also received tons of offers for strategic investments and even buyouts from bigger tech companies. It makes sense; most start-ups seem like they exist solely to find funding from a bigger backer or to be bought up and merged into an existing company, which usually happens to be Google, Apple, Microsoft, etc.

Despite all of these offers, Negari has clarified that he’s not interested in selling the company. He says there’s still a lot of work to be done with XYZ to get it to where he wants to be, and he won’t be selling until he’s done.

An IPO may be in XYZ’s future, although there aren’t any plans for that to happen just yet.

Moral of the story? The best way to get your start-up on the front page of tech news sites is to get Google to use your product. Simple, right?

source: Reuters

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