"Most acquisitions fail. Most founders end up leaving the bigger company once their golden handcuffs are off." I don't know about that. It's not necessarily a

"Most acquisitions fail. Most founders end up leaving the bigger company once their golden handcuffs are off." I don't know about that. It's not necessarily a sign of failure when the founders leave, and it may actually be a good thing in the long run. You want the founders around long enough to ensure that the business you bought gets integrated into your operations and company culture, and once that is done the founders should be free to leave if they choose. It may be a less desirable situation for the founders, but that may be due more to them being founder types (plus suddenly having a lot of cash ) rather than employee types. The other approach is to buy the company but have the founders run it as they did before with little interference from the acquiring company (e.g. Berkshire Hathaway).