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I think it's a fairly common pattern by now, startup gets bought out, and then shut down a few years later. There is probably strategic reasons for doing thing
by fouc 8y ago
I think it's a fairly common pattern by now, startup gets bought out, and then shut down a few years later. There is probably strategic reasons for doing things like this.. Even if it does screw over the customers of the startup.
- justapassenger 8y agoThere's few common reasons: - Startups focus mostly on growth. Once you're part of a big company, they may look at your business and see that there is a lot of fraud (even if it wasn't intentional by the startup, but they just didn't focus at it) that makes it unsustainable - Lots of startups operate in space that just not profitable, but big companies buy them, out of fear of missing out. Then they realize, that there's really no money to be made there - Acqui-hiring - Startups often overrepresent what they can actually do or deliver