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> ServerCo would email me a list of detailed questions about TinyPilot’s finances and risks, I’d answer in a day or two, and then there’d be weeks of silence. F
by Arch-TK 2y ago
> ServerCo would email me a list of detailed questions about TinyPilot’s finances and risks, I’d answer in a day or two, and then there’d be weeks of silence. Finally, they’d respond with a new round of questions, and we’d start the cycle again.
Wow, I've done technical due diligence for a number of large acquisitions in the past few years (quite a few big enough that most people on HN would have heard of them) and the usual timescales are in the order of a couple of weeks and involve constant and in some cases daily question rounds.
Taking what sounds like months and months of time to handle the process sounds super laid back. Certainly seems far more stressful than anything I've ever seen.
- mtlynch 2y agoYeah, a bit of extra context is that the four months that I was talking to ServerCo also overlapped with my wedding and honeymoon last year. I would have pushed for a quicker decision, but I didn't want to be in serious negotiations about an acquisition at the same time as my wedding. That said, when I talked to Chris at Quiet Light about how it played out with ServerCo, he said it was rare to see strategic acquisitions come together successfully at TinyPilot's scale. He suspected that because I approached ServerCo and acquisitions weren't on their mind at all, it just wasn't a priority for them, so that's why everything went so slowly.