3 ms·

See the example of Tesla 2013. Apple is not hiring to keep the startup or the innovation. But for the up or even worst:for the talent. Its like selling your hou

See the example of Tesla 2013. Apple is not hiring to keep the startup or the innovation. But for the up or even worst:for the talent. Its like selling your house to the scrap guy

veenusav 6y ago
Typo "for the IP or talent"
zepto 6y ago
Yeah - I mean I guess you can make it sound bad. But a ‘pivot’ is essentially the same thing - in terms of what gets scrapped. I see an acquihire as the market actually validating your company value even if you haven’t pivoted into a hockey stick product.
- yanslookup 6y ago
  How is it validating? In an acquihire situation the company gets bought and then everything but the people is flushed down the toilet. You used to be working on AI powered eye glasses that could tell when fruit is perfectly ripe but now you work on an in house travel expense system the Apple sales people use to log their Uber bills.
  - zepto 6y ago
    > You used to be working on AI powered eye glasses that could tell when fruit is perfectly ripe but now you work on an in house travel expense system the Apple sales people use to log their Uber bills. Is it that realistic? Why would anyone take such a deal? Why would Apple expect those employees to stay, and given this why would they pay a premium? My sense was that generally teams are hired because they have proven that they are competent in something specific that Apple wants to do, even if the actual code isn’t used directly.
- ojbyrne 6y ago
  Sometimes aquihires are just execs at big companies helping their VC or angel friends save face and keep the deal pipeline open.
threeseed 6y ago
It entirely depends on the company. - Turi became TuriCreate/CoreML - Faceshift became Memoji - Workflow became Shortcuts - FoundationDB is unchanged and underpins iCloud - Shazam is unchanged Many of the acquired companies can be directly seen in shipping products (https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Apple https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitio...)
- why_only_15 6y ago
  Worfklow is maybe one of my favorite acquisitions by them because it's far easier to run something like this as an OS-level daemon with OS-level permissions than a third-party app. Funnily enough, the Workflow team was folded into Proactive Intelligence, i.e. the old Cue team, another startup that was essentially acquihired for the same reason. Cue was trying to extract all kinds of information from your email, but it turns out you need more than email, which is possible when you run as an OS-level daemon.

See the example of Tesla 2013. Apple is not hiring to keep the startup or the innovation. But for the up or even worst:for the talent. Its like selling your house to the scrap guy

veenusav 6y ago

Typo "for the IP or talent"

zepto 6y ago

Yeah - I mean I guess you can make it sound bad. But a ‘pivot’ is essentially the same thing - in terms of what gets scrapped. I see an acquihire as the market actually validating your company value even if you haven’t pivoted into a hockey stick product.

yanslookup 6y ago
How is it validating? In an acquihire situation the company gets bought and then everything but the people is flushed down the toilet. You used to be working on AI powered eye glasses that could tell when fruit is perfectly ripe but now you work on an in house travel expense system the Apple sales people use to log their Uber bills.
- zepto 6y ago
  > You used to be working on AI powered eye glasses that could tell when fruit is perfectly ripe but now you work on an in house travel expense system the Apple sales people use to log their Uber bills. Is it that realistic? Why would anyone take such a deal? Why would Apple expect those employees to stay, and given this why would they pay a premium? My sense was that generally teams are hired because they have proven that they are competent in something specific that Apple wants to do, even if the actual code isn’t used directly.
ojbyrne 6y ago
Sometimes aquihires are just execs at big companies helping their VC or angel friends save face and keep the deal pipeline open.

threeseed 6y ago

It entirely depends on the company. - Turi became TuriCreate/CoreML - Faceshift became Memoji - Workflow became Shortcuts - FoundationDB is unchanged and underpins iCloud - Shazam is unchanged Many of the acquired companies can be directly seen in shipping products (https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Apple https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitio...)

why_only_15 6y ago
Worfklow is maybe one of my favorite acquisitions by them because it's far easier to run something like this as an OS-level daemon with OS-level permissions than a third-party app. Funnily enough, the Workflow team was folded into Proactive Intelligence, i.e. the old Cue team, another startup that was essentially acquihired for the same reason. Cue was trying to extract all kinds of information from your email, but it turns out you need more than email, which is possible when you run as an OS-level daemon.