[toomuchtodo]

Teams and founders who have built material value deserve liquidity and an exit. It sucks when they exit to these sorts of orgs, propose a better path that maintains the value but still provides the exit. Customers becoming shareholders through a direct offering comes to mind, but there are other avenues.

[hn_throwaway_99]

At some point I feel like customers are going to be extremely wary of buying anything from smaller players if they know their filet mignon is destined to instantly transform into a turd sandwich the moment the inevitable acquisition occurs.

[toomuchtodo]

Unlikely, the candy is too sweat and the incentives are too short term for anyone to care (on all sides). "Prepare three envelopes."

https://kevinkruse.com/the-ceo-and-the-three-envelopes/