> Angel-funded startup isn't going to make it to its series A... The software has real value, good market visibility, and actual sales. If this is the case, I'

> Angel-funded startup isn't going to make it to its series A... The software has real value, good market visibility, and actual sales. If this is the case, I'm curious as to why they can't raise an A-round but that's kind of beside the point... Most of your questions are hugely dependent on the type and complexity of the product. My contact details are in my profile - feel free to drop me an email if you want to get more specific advice on a confidential basis. > Is there any likelihood of an acquirer being interested in purchasing the product but not its developers? Doubtful, particularly if they plan to keep selling the product. Even if you've documented the code fully, they'll almost certainly want you for your knowledge/experience/familiarity with it. My advice would be to sit down with the founders, make them aware that you want to be kept in the loop (I would gently but firmly insist upon it), and let them know what your preferences are in terms of the post-acquisition requirements. I reckon that you should also expect to be treated substantially the same as the founders in any deal.