I would check out https://en.bitcoin.it/wiki/Scalability . In the paper published by "Satoshi Nakamoto" he detailed a technique called pruning in which old transactions that can longer affect other transactions are drop from the blockchain
Kevin is an successful angel investor and an influencer in the techs space. Not to mention that every company that he has worked with have nothing but good things to say about him.
Google currently employees more than 20,000 people. I'm sure at this point they have plenty of engineers. A couple guys with some sense of design will not hurt the bottom line but have huge potential to add some much needed polish to Google's social initiatives.
I guess the team turned it down in the hopes Path will be many times the offer. I just don't see how an iPhone app can worth more than $120 million. I think the most successful app would be angry birds, but i doubt even the most optimistic valuation would put them over one billion.
even though pg says "there’s no reason for companies to turn it down"
There would be an advantage to being the only company not to accept the funds. i imagine the press and standing out in the herd might be well worth passing on the 150k.
Plus i think others angles and VCs will through money at you knowing you turned down the easy money.
Chase Adam Founder, Watsi
Shana Fisher High Line Venture Partners and Board Partner, Andreessen Horowitz
David Lee Founder, SV Angel
Apoorva Mehta Founder, Instacart
Kathryn Minshew Founder, The Muse
Zach Sims Founder, Codecademy
Fred Wilson Partner, Union Square Ventures