Admittedly no acquihires are good for investors, but some are good for founders; some include quite rich terms.
The oddest thing in startup theater is the celebratory acquihire Medium post. The founders, investors, employees, and everyone surrounding it knows that it was a bad outcome, but the announcement is triumphant, so congratulations pour in from friends & bystanders. Brutal.
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I’m seeing ones where team is hired, founders move on to the next thing, and announcement gives the impression that it was a normal/great exit, and hundreds of friends/family respond with congratulations thinking the founders got rich. Outcome is fine, misconception seems tough.
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It's better then a zero. And they are actually hard to pull off. Hats of to the founders who can pull it off
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Not judging the outcome at all - soft landing is a win. The hard part is when announcements sound like triumphant exits and hundreds of family/friends respond on social media thinking the founders got rich, when in reality it’s a landing for team only and founders are moving on.
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May I introduce "Our Incredible Journey":https://ourincrediblejourney.tumblr.com/
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This account owner limits who can view their Tweets. %{learnmore}
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Price of the purchase
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There was a time that if your changed your LinkedIn profile to "Looking for new position" your connections would be prompted to congratulate you.
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“Today we are very pleased to announce that we are joining $COMPANY...”
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It is odd how over the last social media phase, the acquisition email has morphed from being a melancholy and sad announcement, to a celebratory, verbal selfie email announcement.
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