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> Criteria: Raised under $10M total investment funds, last round being over 3 years ago > Offer: The total purchase price of the deal, paid in cash, will not e
by nodesocket 7y ago
> Criteria: Raised under $10M total investment funds, last round being over 3 years ago
> Offer: The total purchase price of the deal, paid in cash, will not exceed $1M and will be the total and only compensation. GitLab stock will not be offered as part of the deal for the assets sold.
Yikes. That doesn't make sense if you've raised over 1M. That seems strange to have such a low cap on compensation.
- fatnoah 7y agoThat whole thing reads like the "we buy ugly houses" ads I see all over town.
- Snappy 7y agoThanks for bringing this up. As mentioned in our blog post on the subject (https://about.gitlab.com/blog/2019/07/30/gitlab-acquisitions/ https://about.gitlab.com/blog/2019/07/30/gitlab-acquisitions...), we'll consider other types of acquisitions, but this is a streamlined process specifically for soft-landings. I've opened an issue to clarify this on the handbook page. https://gitlab.com/gitlab-com/corporate-development/issues/4 https://gitlab.com/gitlab-com/corporate-development/issues/4