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by kami8845 3651 days ago
Another sad moment for the London startup scene as one of the most promising startups of recent years get acqui-gobble-hired up by $BIGCO
2 comments

For most companies in the startup scene getting bought by a larger company that has the scale and resources to apply your tech to bigger and more interesting problems is the planned exit strategy.
While not 100% comparable this feels as weak a move as selling Facebook to Yahoo for $1B

London needs strong, original startups. It's dire if you're looking for employment out here.

Their product was only of use to a bigger company.

Just like the slew of CV startups getting bought by Snapchat.