[soneca]

You gave no reason at all to reject the offer. And I cannot think of any too.

How an offer for something not even you believe it is worth something can be "low ball"??

Unless you have strong signaling that working at the acquiring company would be a nightmare (more than your current one), sell it now. And consider it fair!

My impression is that your only hesitation is because you are comparing your situation to an hipotetical one where you can cash out a huge payoff of "fuck you money". The situation you dreamed when you founded the startup. Well, forget it and deal with the facts in front of you. To me, the decision seems obvious (and I believe you have a great deal of self-awareness to notice it by yourself once you pass this denial phase of griefing for your business).

Good luck anyway!!

[Danihan]

Exactly, obvious decision here. You don't have faith in your own business, take the offer.