4 ms·
This article is a useful warning. We got talked into a DD with a large german telecom (by our VC who owned 50% back then!) less than 2 years after we started. T
by lazyjones 12y ago
This article is a useful warning. We got talked into a DD with a large german telecom (by our VC who owned 50% back then!) less than 2 years after we started. They looked at our contracts, our internal documentation, asked strange questions and never talked to us in a direct manner. No acquisition happened, they didn't even bother to talk to us afterwards. We felt violated, unappreciated, insufficient. It took 10 years until we were willing to talk about an acquisition again - and only with someone who we knew was a perfect fit due to corporate culture and standing in the industry.
I can imagine that corp dev people know very well that founders who are willing to talk to their kind frequently in a short time must be desperate or greedy and not very passionate about their company.