[dataflow]

> We make a fairly significant number of acquisitions and have never heard this directly before.

Isn't the comment about things you (purportedly) did personally? Have you "reached out about an acquisition, mined them for information playing along and then ghosted", or no? You clearly don't deny it but you object that you hadn't "heard" about bad things they claim... you did? For things you're the subject of, shouldn't it be easy to confirm or deny them just based on your own memory? It's not only a bizarre defense on its own, but it's an especially poor one when the claim is that you ghost people, and your reply is that they never tried to talk to you about it! Wouldn't it make more sense to just reject it and say you did not ghost people during acquisition talks, or fish for information under the guise of an acquisition, etc.?

Also:

> I don’t think some of the claims in this comment are true or in good faith.

"Some" leaves a lot to the reader's imagination. Which ones are the ones that are true?

[pc]

I’m trying to not overstate my certainty. I have no idea what situation OP could be describing, and I have no recollection of anything along those lines, but I don’t want to definitively state that nothing like it happened over our decade of operation without knowing more about what’s actually being alleged.

We obviously never intentionally ghost companies, “mine them for information”, etc. The ecosystem is small and we wouldn’t be able to invest in and acquire companies if we didn’t have a reputation for good behavior. (And we’ve invested in dozens.) But maybe some communication got dropped in some particular case or something? I don’t know.

[dataflow]

Ah okay thanks for clarifying. It's a strong anonymous accusation, so being clear about it on your end helps a lot. I imagine it'll be hard for anyone here to know what happened.

[bambax]

I don't know anything about anything and am one of the very few people here who never founded a $xB fintech, but this strikes me as weak:

> The ecosystem is small and we wouldn’t be able to invest in and acquire companies if we didn’t have a reputation for good behavior

If you're in a position of power (and money), people will return your calls, regardless of rumors. This is true in all fields, from recruiting to publishing to VC deals, etc.

This is also a line of defense used by serial abusers who always (always!) claim that because they have had successful consensual relationships, there can't be cases where they abused the other party.

> over our decade of operation

Also weak. "We've done so many things. Seen so many people. It's been a long time. I don't recall. Things were different back then."

- - -

That said -- weak defense is just that -- it doesn't mean offense.

[jimkleiber]

The challenge I see with some phrases like "mined them" and "ghosted" is that they can be very subjective statements. The person on the receiving end may perceive the actions as such, whereas the person on the giving end may seem them differently.

I don't know what happened, just trying to point out that it is possible that a person felt slighted by certain actions and the person doing them may have no idea the other felt slighted and the person hasn't told them directly. But maybe they did, I don't know in this specific case.

[dataflow]

But in that case he could just deny them and then mention that if it came across differently, he'd love for them to reach out. Not just skip to the second part!

Say if someone claims you stole their car (and the alternative could be that you borrowed it with someone else's permission, and they had no idea, so they felt it was stolen), would you reply with "I’d appreciate hearing from anyone who feels I stole their car", or would you first say "I never stole any car, please reach out to me if you know of any such incidents"? Wouldn't it be incredibly bizarre to ask them for a discussion session without first rejecting the premise?!

[jimkleiber]

I think in the example of stealing a car is more binary: stole it or did not steal it. Maybe it could have been borrowed the car or something, but there would probably still be a more objective person in car event.

Whereas with ghosting, it could be not replying an email, could be not replying a text, could be some other thing the person missed and doesn't even know they missed. So it's hard to deny if the person isn't even aware they did it.

With mining, it could have been asking questions either live or in an email and not knowing the other person felt tricked into sharing more than they had wanted to.

I've taught a class called Emotional Self-Defense and one of the things I see the most is that the "attacker" often doesn't know they're attacking and the "victim" assumes it should be obvious the person is attacking.

What I'm saying is that he may not have any idea that his actions caused that much pain to the person. I had an ex girlfriend who said to me once, "and you don't respect my boundaries!" And I said what? And she said "yeah, 3 weeks ago when you were juggling the soccer ball and you kicked it to me, I said I didn't wanna play, and then a few minutes later you kicked it to me anyway." I was dumbstruck. I had no idea that she felt so angry/violated by me kicking the soccer ball with her the second time. If I had known, I almost certainly would have stopped. I just didn't receive the signal that strongly.

So I'm saying that may be the case here, too. It's also hard sometimes to tell someone in power that what they're doing is hurting or angering oneself.

[cycomanic]

I don't think ghosting and mining is so vage in this contex. It means engage in acquisition talks without actual intent to acquire, but instead to gain information. If you are the person doing this you will very clearly know what you are doing. Viewing in this context the comment is quite correct it is an odd denial, it sounds a bit like PR speak to me.

[jimkleiber]

I'm imagining if this had been a comment from a spurned romantic partner. "He cheated on me and took advantage of me," posted anonymously to a web forum. If I were the person being accused, and assuming I had been romantically involved with many people, I may have no idea who is accusing me or which specific instance they meant. Maybe I'm aware that I cheated on one person, but I may not even know if that is the person making the accusation? If I've only been romantically involved with one, then it may be quite obvious to me who it is and maybe even the specific incident to which they are referring.

However, I imagine Stripe has interacted with many many companies regarding these things, but maybe not.

I think I've just been in too many conflicts where the other person thinks I intentionally hurt them and I didn't see it that way, or conversely, I think I did something to hurt someone, apologize, and they are confused because they didn't feel hurt at all.

[cycomanic]

But in your example if you never cheated on a partner you could easily sy "I've never cheated on someone". So if you're saying stripe has had so many interactions with companies they don't know if they "cheated" in this specific case, that implies they had least cheated in some cases, because otherwise they could simply deny that they ever cheated.

Because the accusation was more specific than "I felt taken advantage of" it was they engage engage in acquisition talks with the intent to gather confidential information, not the intent to acquire.

[dataflow]

I get what you're saying about it being blurry but I don't buy that it affects the ability to reject it. He can quire simply reject it and then explain it might be a misunderstanding or something. Or say it might have happened unintentionally. Or whatever. There are several options here, and refusing to deny the claims doesn't bolster his case.

And that's all kinda beside the point - note that the bad part isn't even the ghosting itself for us to quibble over, it's fishing for information under the guise of an acquisition, with or without ghosting. That should be far less blurry and easy to deny head-on, whatever you think of the ghosting.

[jimkleiber]

One other story (I feel bad for blitzing with replies and in a weird order, I hope that's ok)...

I ran a workshop with abut 35 people in the audience. For about 15 mins, I had them sit quietly as I asked them "how do you feel when you think about this? How do you feel when you think about that?" And so on, and had them reply in their heads.

At the end of the session, I opened up group reflection. One woman shot her hand up and said "I feel like you manipulated us." And i asked if others felt this way, and maybe 5 others raised their hands and started talking about how my questions manipulated them. And then this other guy raised his hand and said how for the first time in months, these questions helped him stop thinking about politics and the chaos in the world and quieted his mind and thanked me. A few others agreed with a similar feeling.

So my one action caused (at least) two very different responses in the same group and I would likely have had no idea if they didn't tell me how they had received it.

[jimkleiber]

I wouldn't say "I never ghosted you" if I don't remember the interaction, because perhaps I did? Why would I make that bold claim without having more info about which situation it is?

> And note that the bad part isn't even the ghosting to quibble over, it's fishing for information under the guise of an acquisition.

Even "fishing for information under the guise of an acquisition" could be anything from sending one email with 3 questions to five intense 2-hr interviews over 3 months. One person who feels very secretive and protective of their business knowledge (even some people in startups who don't even have companies yet but just ideas) can feel very violated by one email with one question, whereas other people may not believe they were being fished for info after 3 months of interviews.

[dataflow]

> I wouldn't say "I never ghosted you" if I don't remember the interaction, because perhaps I did? Why would I make that bold claim without having more info about which situation it is?

This whole discussion is about intent, which you can (and honestly, must) address separately from how you imagine your actions might have been perceived. See below.

> Even "fishing for information under the guise of an acquisition" could be anything from sending one email with 3 questions to five intense 2-hr interviews over 3 months.

This is irrelevant, the question is about intent. You should not have a hard time making it crystal clear whether that was your intent or not, regardless of whether you spent 10 minutes on it or 10 days. The only reason you wouldn't be able to make your intents clear is if you're doing things so borderline deceptively that you honestly cannot tell if they're clearly ethical or not, in which case that fact would sufficiently speak for itself.

P.S. I see you're repeatedly leaving parallel replies, I don't know why you do that (can't you just edit your comment?) but they drown out mine and divert the conversation, so I'm not going to reply to them and have 3 parallel conversation tracks, sorry about that.

[jimkleiber]

Actually, if it were me, I wouldn't deny it first if I truly didn't know what I did. Perhaps I did do something that I feel guilty about doing but just am not currently aware of. I'd probably ask as he did to figure out how the person is feeling and what they think I did to contribute to that and then see whether I feel guilty about that or not. I may actually feel really bad, hard to know without knowing more specifics.

[bartread]

This is a valid point. I've observed or been involved in a number of acquisitions at various distances over many years. There are any number of reasons an acquisition might not go ahead and, of course, as the potential acquirer you obviously learn some things that are useful, but I've never known a situation where there has been a deliberate plan to simply mine for knowledge or whatever.

The reality is some acquisitions are opportunistic, some are strategic, and even the opportunistic ones often have a strategic element. For a strategic acquisition, if it doesn't go ahead (comes down to ROI isn't perceived as being as good as potential alternatives), the almost inevitable outcome will often be (i) a different acquisition is eventually made, or (ii) the acquiring company decides to make an investment in that area themselves.

One of the ways to avoid getting "screwed over" as an acquiree is to ensure you've done the work beforehand to maximise the chances of compatibility with the acquirer: things like compliance, data protection, having a poor grasp of your numbers and financials, and other mundane matters (or combinations of them) can easily trip up the process.

When an acquisition does fall through for almost any reason it's pretty natural for the potential acquirees to feel rather bruised by the process: they've wasted their time, they've been screwed over, etc. Often that won't be the case although, I've no doubt, there are instances where it will be.

(Btw, in case it's not obvious, I know nothing about the activities of Stripe or its founders, good or bad.)