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by climatekid 762 days ago
Founder here of a company that attempted to do an acquihire Hail Mary.

Going to be frank with you. 1.5 months is not enough time. Go through the motions and meet with FAANG, but for all intents and purposes it is too late. There’s very little incentive for BigCo to buy a dead company.

Tell the team now, pay out their salaries for next 1.5 months but have them focus full time on getting new jobs. That’s the best you can do for them.

3 comments

Appreciate the frank perspective. Understand that time is not our friend here.

I guess I'm just wondering / hoping if it is possible that the BigCo just hires our team? I understand that there isn't going to be a big (if any) pay out for us as the founders here. We've proven that we can ship product and work well together.

The interview process shouldn't take too long if they want to do it, right? Or am I being naive / grasping at straws here..

Is 1.5 months enough to even keep them another day without going insolvent? For example you may need to pay notice and other termination related costs. Or is the runway taking that into account.
I'm taking that into account in my runway estimate
It's probably not possible to do a regular hire in 1.5 months. To purchase a full business in that time? No chance.