Is the problem VCs or much deeper just the nature of acquisitions. The ideal acquisitions would least to synergy between the acquirer and acquiree. This would

Is the problem VCs or much deeper just the nature of acquisitions. The ideal acquisitions would least to synergy between the acquirer and acquiree. This would lead to a combination of reduced cost, improved products and the companies and consumers all win. Unfortunately, it seems to me like this might describe a minority of real acquisitions, at least in tech. It seems like many acquisitions get fumbled and the original company and their products are now bad and literally nobody won from this but the owner of the original company having a nice excited. In many cases tough the goal of the acquisition even seems to be to eliminate competition which is terrible for the consumer and hurts the market. In that scenario I'd rather see companies "fight to the death" or find their respective niches. I'm uncertain what impact it had on the market and industry that some companies now get started with the goal bring a acquisition by FAANG. I have no data or even anecdata, but intuitively it seems like something that would be interesting for an economist to do a study on.