That makes it sound like these startups have no choice in the matter. The funny thing is, you don’t have to sell your company to an enormous evil corporation if you don’t want to.
Depends on who your initial investors are and the contract you signed with them. They can and will force a sale if their RoI isn’t met in a specific time-frame, or if the buyout price reaches a certain valuation.
Partly true but Amazon has been known to make dupes of a product and sell it at a loss to drive the competitor out of business. I’m sure that threat lingers in some peoples’ minds.
They probably also promise the management team “you’ll still have creative control after we buy you”. Then turn around and replace each of them one by one
This has been such a depressing trend over the last few decades.
Fresh bright-eyed startup with a passionate creator develops some interesting and innovative product.
Gets bought out by FAANG, turns to shit and stops working properly or gets discontinued, and primarily functions as a spyware device.
That makes it sound like these startups have no choice in the matter. The funny thing is, you don’t have to sell your company to an enormous evil corporation if you don’t want to.
Depends on who your initial investors are and the contract you signed with them. They can and will force a sale if their RoI isn’t met in a specific time-frame, or if the buyout price reaches a certain valuation.
Partly true but Amazon has been known to make dupes of a product and sell it at a loss to drive the competitor out of business. I’m sure that threat lingers in some peoples’ minds.
They probably also promise the management team “you’ll still have creative control after we buy you”. Then turn around and replace each of them one by one
In capitalism you do. Society demands it.