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by tedmiston 3763 days ago
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)

1 comments

access to several other acquired founders who helped us ultimately navigate

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."