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by samfisher83 4791 days ago
What is the point of aquire and shutting down. Is it just for employees?

If you offered the employees more money they would work for you. Why payoff the VCs?

1 comments

Yes, but calling it an "acqui-hire" probably makes it look less good.

>Why payoff the VCs?

Because they're probably interested in the executive/founding team, and they can't leave without placating their investors. Wouldn't be surprised if the employees got shafted/walked away with a mild bonus.

As far as I can tell, this sort of thing basically acts as a shareholder wealth redistribution scheme to people who have demonstrated social proof.