You do realize that two years also costs money? The other thing is that fact that there's a company with a working solution in front of you. What if you build this team and then a year later you realize that you screwed up and you can't build it the way you thought.
The other reason you sometimes pay a premium is to get them off the table for a competitor. So even if you could build this solution in two years for 8MM. What if your big competitor decided to come buy them and then starts expanding their business. In two years you come out and say, "Hey look, we have that product from a couple of years ago!"
The other reason you sometimes pay a premium is to get them off the table for a competitor. So even if you could build this solution in two years for 8MM. What if your big competitor decided to come buy them and then starts expanding their business. In two years you come out and say, "Hey look, we have that product from a couple of years ago!"