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You want honesty? How about: "Thanks again for your support of Product since our launch. It means we're now in a position to get acquired by Yahoo. In other w
by anoncowherd 13y ago
You want honesty?
How about:
"Thanks again for your support of Product since our launch. It means we're now in a position to get acquired by Yahoo. In other words, your support means we get money. We could gush about how much you mean to us, but really, we're running a business here, with the explicit goal of making money. We've done that now, so, thanks!"
- aaronbrethorst 13y agoAfter the liquidation preference the founders (probably 1-3 people) are likely to get 90% of the remaining proceeds and the staff – those engineers that the acquiring company so desperately wants – would ordinarily receive a very small proportion. http://www.bothsidesofthetable.com/2013/05/13/the-corrosive-downside-of-acquihires/ http://www.bothsidesofthetable.com/2013/05/13/the-corrosive-... Hopefully Ptch employees were making market wages, because an acquihire certainly won't net them much of anything.