“Three months ago, one of New York’s hottest tech startups (Bit.ly) was turning down acquisition offers from giants like Twitter and Google. Now it’s in a fight for its life.”
Lesson: If you ever build a simple dime-a-dozen copycat service and some corporate entity comes by and offers you gobs of money for it, take it and laugh all the way to the bank. Don’t be greedy or stupid or (in this case) both.