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
Yeah, I worked for an amazing company for 13 years, a big corporation bought it, and now I have my own business and my soul back. Same shit, “you’ll still have full operating control” and then they moved everything to India.
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
Yeah, I worked for an amazing company for 13 years, a big corporation bought it, and now I have my own business and my soul back. Same shit, “you’ll still have full operating control” and then they moved everything to India.
In capitalism you do. Society demands it.
No, not really. But if you don’t sell you don’t get a lot of money and mostly that’s what people want, that’s why the startup exists.