Year: 2011

Buyout offer: $200 million from Google

What happened: Before Color, a location-based social network started by former La La Media co-founder Bill Nguyen, launched, Google expressed interest in the technology and the development team and tossed a buyout offer of $200 million their way. Color turned down the dough, opting instead to raise $41 million from venture capital firms Bain, Sequoia Capital, and Silicon Valley Bank, which valued the company at $167 million. Since then, the company has gone through two relaunches and has rebranded itself as an app that lives on top of Facebook and allows people to share video on their mobile phones. Nguyen should have took the money.