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.
-
Admittedly no acquihires are good for investors, but some are good for founders; some include quite rich terms.
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.
-
-
I can’t imagine being the founder sitting there. Every congratulations would be another drip of water in water torture.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I see this in full on acquisitions of later stage companies as well. Even with 100+ folks, no returns to common. Common if not modal modal outcome?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
you are forgetting the biggest lie - how the founders will list startup name (acquired by X) on their LinkedIn for the rest of time...
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Exits are like (most) MBAs. The signaling value serves both parties often more so than the event itself. The incentives drive the behavior.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.