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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It's better then a zero. And they are actually hard to pull off. Hats of to the founders who can pull it off
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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I mean, many of these are essentially the company shutting down while still keeping folks employed. Equity is often a wash (a new 4-yr package). Could accomplish the same with a 2-mo severance/bleed out if they didn’t care about the optics.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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