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Re: by mulmen on Friday January 13, 2023 @06:11PM (#34375203)
I worked in a place like that and it was awesome. Unfortunately we were so good at what we did across the board that we got bought by another company to integrate into their larger offering. It made a lot of sense from a business perspective but the tech team in our office was made redundant and so my time there came to an end. I think this is the inevitable conclusion to good, small companies. Since it actually works they will eventually get swallowed by a larger fish who rightly identifies them as a tasty morsel.
Re: by dudus on Friday January 13, 2023 @07:29PM (#34375889)
The Peter Principle also applies to teams and companies.
Re: by notnaut on Friday January 13, 2023 @08:19PM (#34376217)
Did you at least reap some of the buyout benefits?
Re: by Aeolun on Saturday January 14, 2023 @12:27AM (#34377595)
Is it really that hard for owners to resist the alure of a buyout? I dunno, I always like to think that I’d continue doing the good thing that I’ve got going.
Re: by andrewflnr on Saturday January 14, 2023 @01:48AM (#34377898)
I really don't want to believe everyone has a price, since that would mean I have one, but the evidence offers very few if any solid counterexamples.
Re: by yafbum on Saturday January 14, 2023 @02:18AM (#34378042)
Sometimes you're kind of forced into it: if your growth starts taking off faster than you thought, you may be in need of more capital just to stay in business. At that point you have a choice: slam the brakes (turn down customers), borrow (risky), raise (dilutes you), or sell out. If you can find a solid working relationship within the acquirer's company, all is good...
Re: by phkahler on Saturday January 14, 2023 @08:19AM (#34380115)
There is actually nothing wrong with turning down business. No need to grow faster than you can handle. A company in the situation you describe is doing something very right, so maintaining that seems like a good strategy.
Re: by yafbum on Saturday January 14, 2023 @12:07PM (#34381809)
For an entrepreneur who set out to fix a problem in the world, it can feel very wrong not to give customers the solution that you know you can give them, for mere capital reasons.
Re: by 1123581321 on Saturday January 14, 2023 @02:20PM (#34383163)
There is nothing wrong with it, but it's hard to do skillfully, especially in the chaos generated by rapid growth, and you may not realize the need until you're already trapped by your existing commitments. Good relationships in the company can fall apart in the decision-making, too (e.g. if someone's personal/career growth path is cut off by the decision to stop pursing something that's been built towards for years.)

Some types of businesses can do it more easily than others. Professional services can probably do it the easiest. A B2C business with a turnkey offering could have a lot of trouble paring back, especially if the product has a physical aspect.

Re: by lazyasciiart on Saturday January 14, 2023 @03:28AM (#34378420)
If it gets that much bigger you (the owner) probably aren't doing the same thing you were doing.
Re: by dzikimarian on Saturday January 14, 2023 @04:50AM (#34378871)
Try reversing this argument and talk about employee resisting much better offer, to remain loyal and you'll get eaten alive by commenters :-)
Re: by Aeolun on Saturday January 14, 2023 @05:23AM (#34379052)
Is that so? I see a lot of people not wanting to switch for solely more money because they expect to hate it at a potential new company.
Re: by dzikimarian on Saturday January 14, 2023 @05:58AM (#34379220)
Yes and the same works for founders. If they expect, they will hate it after buyout, they will probably resist.

But what if new opportunity is ok, gets you 30% more money, but your departure makes your current company very sad and perhaps worse place for everyone to work at?

I wouldn't expect a lot of support for the idea of staying if you ask the internet for an opinion.

Re: by TheOtherHobbes on Saturday January 14, 2023 @10:03AM (#34380801)
The two aren't unrelated. In the distant past companies had professional and personal development programs. Some even had a commitment to try to avoid layoffs.

When MBA culture took over in the 80s it became normal for companies to act like extraction machines. Employee loyalty crashed, with a corresponding increase in churn.

Taking investment money makes it hard to create a humane culture. But smaller private companies do at least have the option to consider it.

Re: by __pache__ on Saturday January 14, 2023 @05:17AM (#34379016)
You try dealing with everyone's problems and hitting all the deadlines all the time..!
Re: by nunez on Saturday January 14, 2023 @11:08AM (#34381327)
If you don't, your successor will. Money makes the world go round.
Re: by tluyben2 on Saturday January 14, 2023 @04:27AM (#34378738)
Same here. Got absorbed and it killed everything good about the place.
Re: by TranquilMarmot on Saturday January 14, 2023 @12:49PM (#34382184)
I was going to say the same thing. Worked at a mid-sized startup, great culture, amazing coworkers that I'm still friends with today. We did great work and got bought out by a large company who had promised not to mess with our culture too much. That didn't last very long haha
Re: by cutemonster on Saturday January 14, 2023 @01:21PM (#34382526)
> mess with our culture

What did they change/do? If I may ask

Re: by krageon on Monday January 16, 2023 @05:54AM (#34399317)
At a guess, having seen this before:

- Paperwork - Extra managers - Lots of "stakeholder management"

Re: by cutemonster on Sunday January 22, 2023 @08:09AM (#34477007)
Seems that was a good guess, have a look at the sibling reply :-)
Re: by TranquilMarmot on Monday January 16, 2023 @08:27PM (#34408042)
It was a very slow creep of changes. For the first year, they really didn't change much (except gutted our health insurance plan and got rid of "unlimited" vacation).

Eventually, they tried to get us to integrate with more and more of their other products, which introduced a TON of extra "stakeholders" on every single project.

With every extra stakeholder they also had to introduce extra meetings and extra process until even making a small change felt like a massive chore. I went from merging dozens of changes a week to maybe one or two.

Felt pretty claustrophobic after a bit so I ended up leaving to go somewhere smaller.

Re: by cutemonster on Sunday January 22, 2023 @08:07AM (#34476986)
How interesting! (And sad, I hope that / guess that the new place is/was better)

> integrate with more and more of their other products, which introduced a TON of extra "stakeholders"

That scenario I hadn't heard about before. Good to know about that way for things to fail, too.

If you haven't seen:

"Excess management is costing the U.S. $3T per year (2016)" https://news.ycombinator.com/item?id=34290539

Re: by TranquilMarmot on Thursday January 26, 2023 @12:31PM (#34535113)
The company we were acquired by is massive ($2bil annual revenue, 7.5k employees). If you live in the US, I can guarantee that you've used their products before but don't know the name of the company. They basically just go around acquiring other companies and absorbing them into their other products. I'm talking like 10+ acquisitions a year (at least for the last few years).