4 ms·
Looks like an acquihire. I love how failed businesses give a positive spin these days. Why not just say "we failed, sorry guys, we are going to get job elsewher
by general_failure 12y ago
Looks like an acquihire. I love how failed businesses give a positive spin these days. Why not just say "we failed, sorry guys, we are going to get job elsewhere". They would have my immense respect had they done that.
- ProAm 12y agoHonestly what's it matter if they say either? The outcome is the same.
- Kiro 12y agoAre you saying they don't get any money at all from the deal?
- nazgob 12y agoAcquihire is about getting 'some' money but its not a successful exit.
- oonii 12y agoSuccess depends on who you ask. This is failure for investors, but it might have netted the founders more money than they would have gotten if they exited another way.
- bhouston 12y agoSuccess is defined by the return, not the means of exit. To determine returns, you need to know how much was invested in nodejitsu and the sale price. I would guess in this case the sales price would be in the range of the low 7 figures??
- johnward 12y agoYeah but in the world of BS multibillion dollar valuations this is probably still considered a fail...
- Kiro 12y agoIf I could sell my company even for $10,000 it would be a huge success.
- oonii 12y ago> Why not just say "we failed, sorry guys, we are going to get job elsewhere". They would have my immense respect had they done that. Because that is poisonous language in a large segment of the business and investment ecosystem, and the internet is written in stone. Saying it might earn your respect, but your respect is worthless because you're not writing the checks.