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Yeah, all I can say is "ouch." I went through a very similar courtship process with a large tech unicorn and luckily my outcome was good, but halfway through th
by illumin8 7y ago
Yeah, all I can say is "ouch." I went through a very similar courtship process with a large tech unicorn and luckily my outcome was good, but halfway through the process I basically had to ask them to give me 5 figures in legal fees because I was paying a huge bill to attorneys and the power dynamics between single person startup and unicorn are huge. They were spending 6 figures on attorney fees and I was spending a smaller multiple, but as a single person startup.
I hope he got good advice, because this sounds really bad. HIBP is an amazing resource, and should easily command an 8-9 figure exit for the founder. It's disappointing to learn that the one suitor he settled on ended up being a dud.
- armitron 7y agoIt’s a database with public data. Let’s not get carried away.
- pgodzin 7y ago> I kid you not, was in a meeting at [big tech company] HQ in [HQ location] and a comment was made to the effect that "there is only one service they trust as a white hat (Troy and HIBP) and I'm like "fuck how does one guy corner the market on trust?" That's invaluable
- manigandham 7y agoRight up until someone needs to put a price on it.
- pbhjpbhj 7y agoBut also, much of that value is potentially lost the moment the sale goes through.