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> Most acquisitions happen due to an acquirer wanting one of three assets: your team, your product, or your revenue. And if you’re lucky, all three. I might be
by dceddia 4y ago
> Most acquisitions happen due to an acquirer wanting one of three assets: your team, your product, or your revenue. And if you’re lucky, all three.
I might be alone on this (I don’t see it mentioned often) but I think I’d consider it very lucky if they only wanted 2 of those 3. A huge part of why I started a company in the first place is to not work for someone else, and selling myself back into a job seems like the opposite of a win!
It doesn’t seem very common for sales to happen without the founder sticking around though. I’ve assumed this is because buyers do in fact mostly want the founder as an employee, and either aren’t willing to do the deal without that, or the offer is so much lower that it’s not worth selling.
- nickstinemates 4y ago> It doesn’t seem very common for sales to happen without the founder sticking around though. Typically there's a reason to keep founders around and it's not related to their output, but more as a figure head/tacit acceptance of the deal that is made. If a larger company is swallowing a smaller company, they may want to continue to work with the founder/some members of the exec team to help with integration efforts for the companies. In return, the members of this team typically added incentives and ability to generate even more wealth as a result.