????雖然如此，25-30%的典型并購溢價對我們或者董事會來說都是遠遠不夠的。我們逃出生天，艱苦奮戰，苦熬時日，建設了這樣偉大的公司，并不只是為了賣個10美元的賤價。我們下定決心：只有出價遠高于我們作為獨立運營公司所能達到的價值，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行了長達三個月的戲劇性周旋，考驗了我們的談判和商務技巧以及我們的決心。

????待續：大戲上演

????約翰?奧法雷爾是風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/。他指導公司對Facebook, Twitter和團購網站Groupon的投資，并幫助投資組合公司進行商業合作、戰略交易及全球擴張。在加入安德森霍洛維茨之前，奧法雷爾曾擔任過Silver Spring Networks, Opsware及Excite@Home的執行副總裁。在其早期職業生涯中，奧法雷爾曾在美國和歐洲供職于美國西部電信（US WEST）、博思艾倫（Booz Allen）、愛爾蘭電信（Telecom Ireland）、歐盟委員會（the EU Commission）、數字設備公司（DEC）和西門子（Siemens）。奧法雷爾擁有斯坦福大學商學院MBA學位和都柏林大學電子工程學士學位， 精通英、德、法、葡四國語言。

????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.