Hacker News new | ask | show | jobs
by PragmaticPulp 2350 days ago
At this point, what difference does it make? Visa can survive as an independent, profitable entity by your criteria.

> but there's no reason to sell if you have a solid business plan and a realistic vision for future profitability.

They had 5.3 billion reasons to sell. With an acquisition offer that high, it's not about the company's ability to survive independently. It's about doing what's in the best financial interests of the company and employees.

> i want to be a part of building something that can survive as an independent entity. selling is an admission that this is either not a goal or not possible given the current position of the company. both of these are against my ethics. why should i stay at a company that has openly admitted that they are incapable or unwilling to pursue independence?

Your distinction is a bit arbitrary. Plaid wasn't a fully independent company after they took significant money. Take a look at their board of directors. Only 2 out of 5 board members were Plaid executives. They had already "sold" part of the company when you applied.

1 comments

i didn't say "fully independent" i talked about a willingness to pursue independence. that's the difference that i care about. i value independence more than money. you do need a certain amount of money to be autonomous, but its about end goals. i don't agree with the end goal of "make the best business deals for the biggest amount of money". besides, long-term you make way more money if you are independent. i have respect for visa and i'd work there because they do value independence, but i wouldn't work for a subsidiary who couldn't hack it as a competitor.