3 ms·
This is also common in government contracting. When you say "offload" crappy startups, do you mean getting the company acquired by that company or purchase the
by rexreed 5y ago
This is also common in government contracting.
When you say "offload" crappy startups, do you mean getting the company acquired by that company or purchase the startups products?
- tweedledee 5y agoAcquisitions. Say a big company lacks in category, an exec from that company can let a VC know that they would like to buy a company in that category and are willing to pay a certain amount. The VC then goes about bringing the company into existence. Do a song and dance about how it's a real company. Buy a bunch of positive press. Cram it full of new grads. Then before it can collapse under its own weight offload it.