Hacker News new | ask | show | jobs
by jillesvangurp 2937 days ago
I'm not native indeed but fluent enough to deal with the subtleties. I like to use strong language when making points in public fora. It's a style that is admittedly a bit over dramatic but tends to provoke people a bit more into engaging.

From my dealings with VCs my understanding is that they are mainly incentivized by investing and less by the success of those investments because the timelines are half a decade or more and they reap their rewards long before that happens. Basically the job of a VC is to spend money in some fund. It's a very competitive market to be in. Acquisitions are the tool of choice to make sure under-performing investments are not a total loss. A lot of acquisitions and acquihires are effectively investors consolidating their losses. It's common for them to have stakes in both the acquiring and acquired company. In this case, that's probably not what happened of course. But still, the investors are probably quite happy with this outcome.