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And worth nine figures to another company which appears (from TFA) to be worth nine figures itself. The Valley is amazing sometimes.

• AznHisoka 13y ago
  1. Raise $100 million. 2. Hire 100's of talented engineers for above average salaries and perks. 2b. Make them do something that sounds challenging and hard to understand, but ultimately useless. 3. Sell to a greater fool as an acqui-hire for $150 million 4. Earn a few million in profit. 5. Repeat! (because you didnt get a 100X return, just a slim one)
  • gamache 13y ago
    Perhaps the take-away lesson here is that the hiring process hurts a lot, and companies will pay millions of dollars to avoid it.
    • protomyth 13y ago
      So, a startup that hires a bunch of developers to hack as a team on some open source project and fires quickly then flips the team to a bigger company[1] could work?!? sadly, I thought of a domain name for this: teamchurn.com 1) obviously paying a chunk to the team