Re:I am done. I give up
by icedchai on Friday December 23, 2022 @12:23PM
(#34108333)
Also one needs to keep in mind that many startup "successes" are actually either negative or neutral outcomes. I know several "acquisitions" where the end result was investors making negative returns (receiving back pennies-on-the-dollar, if anything.) Meanwhile, the former CEO gets a cushy job as an advisor at the new place, announcements all over social media, etc. The actual companies barely had any revenue
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Re:I am done. I give up
by aledalgrande on Saturday December 24, 2022 @01:53AM
(#34114664)
Yep so called firesales. One of the companies I worked at sold so low all employees options were worthless. But they were in the news and they had been on Deloitte’s fastest growing startups for a few years (never reached profit).
This was the case with Rancher being acquired by SUSE. The financials were so out of whack for a normal acquisition but SUSE had a dire need to acquire a k8s company and Rancher wanted to exit and now the board has huge regrets over spending so much on something thats brought so little value to the business!