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I asked our Compliance team what they thought of Neutrino. Fortunately, they'd just completed an evaluation. Neutrino came in last place on product (out of the 5) but was disqualified anyway due to the risks. However, other factors are important in M&A: cost, culture fit.

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Tay

@tayvano_

Mar 3, 2019

> culture fit low blow, jesse 😂 🚑🔥🚑🔥🚑🔥🚑🔥🚑🔥🚑🔥🚑

Jesse Powell

@jespow

Replying to

@tayvano_

I'm being 100% serious tho. I actually say in the first 30 seconds of podcast ep1 about the CryptoFacilities acquisition that "if [culture fit] isn't there, you shouldn't go forward". It's a necessary condition for a deal (along with economics), unless it's a pure asset purchase.

11:29 PM · Mar 3, 2019Twitter Web Client

Replying to

Oh I know. Culture fit is probably one of the most important things, not just with M&A. Just this specific context. 😅

Replying to

and

This is the only way to make M&A long term successful. If people don’t stay, or the purchaser won’t interact with the acquired company, it’s game over.