These stories about competition being thwarted often seem to ignore the elephant in the room — the companies being acquired weren’t doing well. I’m sure the Nor

These stories about competition being thwarted often seem to ignore the elephant in the room — the companies being acquired weren’t doing well. I’m sure the North team feels like they took the best option they had realistically available to them. We can speculate about what might have been, but unless most scenarios involve them going out of business and everyone looking for new jobs, it’s not very accurate. You could say most startups take the chance despite low chance of success, but North has done that and ended up on the wrong side of that distribution once already, and any further attempt would be saddled with the existing debt and cap table. This is a clean slate for them.