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I was courted by corp dev from a big public company. It was quite an experience -- events, dinners, wine, private meetings, large groups of the corp folks hangi
by SquibblesRedux 5y ago
I was courted by corp dev from a big public company. It was quite an experience -- events, dinners, wine, private meetings, large groups of the corp folks hanging on every word. They got pretty pushy, demanding to know trade secrets to keep going with a negotiation. At the end of it I pulled the plug because it was clear they were not working in our interest. (The word "pillage" comes to mind.)
The experience was nice to have, but as the essay claims, it ultimately was a poor use of time.
- dalbasal 5y agoTime is cheap, relatively to focus, IMO. I think it takes a pretty seasoned businessman to pursue or negotiate (even half-seriously) an acquisition... and paying the "price" in time only.
- deleted 5y ago[deleted]
- hpcjoe 5y agoYup. Had a similar experience with a BigCo and an investment. Part of the terms they were insisting on was an irrevocable global license to use our tech, name, trademarks, etc. for them and their partners. Our lawyers said they were trying to buy us on the cheap.