Optimizely to be acquired by Episerver

Re:Optimizely to be acquired by Episerver by tmpz22 on Thursday September 03, 2020 @01:09PM (#24366165)

I was always very impressed by their office on the end of New Montgomery Street in the heart of Downtown San Francisco. You could see some very swaggy kitchens and open office space through their floor to ceiling windows on the ground floor. I was jealous for some of the employees who worked there.

Maybe this is ad hominem, but it seems to me they must've raised a lot of money to prioritize that kind of setting, likely in the guise of recruiting. Crunchbase lists them as having raised $251.2M and their last round being debt financing.

If this is a down-round acquisition with most of the employees gaining very little I wonder if this is a lesson to founders to be more cost-effective and raise less money.

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Re:Optimizely to be acquired by Episerver by renewiltord on Thursday September 03, 2020 @01:48PM (#24366606)

There were a bunch of startups right there. From the fact that we rented commercial space there (like a minute's walk away), I know that if they leased before 2012 it was going to be a sweet deal. I don't remember any of the numbers now but I recall that if I could get that deal today I'd take it in a heartbeat, even if just CPI adjusted. I think we had just under 10k sq. ft.

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