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By raising this amount of money, we've (semi-deliberately) closed the door on any possibility of an acquihire. The valuation is too high for the VCs to agree to
by geoffschmidt 14y ago
By raising this amount of money, we've (semi-deliberately) closed the door on any possibility of an acquihire. The valuation is too high for the VCs to agree to that outcome, and one of the privileges of Series A shares is the ability to veto acquisitions.
So we have two choices: (1) build Meteor into a great development platform, get a lot of people to build apps on it, and find something that we can sell to the operations department of big companies that are using it (I wrote a bit about this in other comments), or (2) fail.
- blhack 14y agoI think that AH just wants your tech. to exist. This is the same as any other company investing in OSS.