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This might be out of context, but a question though. How this companies get bought? Of course, building a great product is part of it. But are they shopping aro
by MojoJolo 13y ago
This might be out of context, but a question though. How this companies get bought? Of course, building a great product is part of it. But are they shopping around, emailing / visiting bigger companies to buy them? Or they will just wait until some bigger company contact them and have some negotiations?
- kumarm 13y agoAviate Team comes from Google (Google Play PM and Search Engineer). I would think right people at Yahoo Knew the talent and want it. http://getaviate.com/team.html http://getaviate.com/team.html Congrats to the team. Great Product and team.
- MojoJolo 13y agoYou might be right. So this is the case for Aviate. How about other startups?
- Edmond 13y agoI am sure the same is true for all the other acquired companies. If you look through all startup acquisitions, the pattern is the same. You rarely see startups that haven't raised capital get acquired, unless they are actually successful.
- yixizhang 13y agoEveryone under this branch made good points. Graduated from a top company with valuable experience is definitely a plus for this kinda scenario, but from my experience it's not a must.
- ChuckMcM 13y agoThis is one of the 'features' of Technology companies in general and Silicon Valley in particular. When a company raises funding, either seed or a series A round with a venture firm, they become tied into a giant loose web of relationships which provides things like introductions, heads up on quality candidates, and general interest queries. This is further enhanced by the somewhat astonishing mobility of talent from company to company. So when a company says "Hmm, we really need to get into X" they can tap that network to see who is out there doing that and how well they are doing it. Sometimes an investor wants to 'close out' their investment and they will approach a friend on another board or a friend of a friend looking for "ideas", other times people just meet at a social event and decide they should work together. Large firms have a group that is nominally called something like 'Corporate Development' which is code for acquiring companies to fill gaps or needs. During times of scarcity when folks are looking for talent, under capitalized companies are seen as a good place to 'pick up an entire team' of engineers. The classic way to connect into this 'web' is to go through the process once, which is start a company (or join one), connect with the funding folks at company and social functions, and have an idea of what you're trying to achieve. An 'agenda' if you will.
- hsod 13y agoInterestingly, just yesterday Evan Spiegel (CEO of Snapchat) posted a screenshot of his e-mail introduction to Mark Zuckerberg (who is strongly rumored to have offered 4 billion for the company). The screenshot is here: https://pbs.twimg.com/media/BdU892zCAAEXy-q.png:large https://pbs.twimg.com/media/BdU892zCAAEXy-q.png:large