3 ms·
FWIW, I was an early employee at a startup that was acquired around 1998 for around this amount of money. In those days this wasn't considered an "acquihire" b
by nirvana 14y ago
FWIW, I was an early employee at a startup that was acquired around 1998 for around this amount of money.
In those days this wasn't considered an "acquihire" but a "successful exit" or a "base hit". (e.g.: not a failure but not the success that pays for all the other companies in the VC firms cohort that year.)
The VCs got about 5X on their money and because of liquidation preferences and other shenanigans, I, and the other employees, pretty much got screwed.
- pavel_lishin 14y agoWhat about the users of your software?
- nirvana 14y agoThey still complain about its loss... in the years since it has never been replaced. As an employee, I had no choice in the decision.