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by tedmiston
3763 days ago
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It sounds like Stypi was an acquihire. Jason Chen, one of the founders wrote a blog post about it: Mechanics of a Small Acquisition (http://www.jasonchen.me/mechanics-of-a-small-acquisition/). > Fortunately, my cofounder and I were lucky enough to have had access to several other acquired founders who helped us ultimately navigate our first multimillion-dollar exit for a company barely a year old. > DISCLAIMER: Every startup and founder group is unique so the data provided here may not apply in all cases. In particular, it is skewed towards < $25m acquisitions made by much larger companies. (Emphasis mine) |
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That's founder code for "we actually failed, but we know rich people, so our failure is really our success—suck it, everybody else who fails without millionaire friend safety nets."