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by kbenson
4361 days ago
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I think the point the parent comments are trying to make, factually correct or not, is that it's not entirely within the control of the people/company developing the product to determine whether they accept a buy-out if they have accepted outside money. It's not cynicism to point out when people make statements they may not have the ability to back up. Whether that's actually the case is less clear to me though, after following some of the other comments from the developers here. |
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And as for control, maybe I should just say it explicitly: we have raised investment but are still in full control of the company (aside: it'd be nuts if we weren't at the stage), and plan to keep it that way going forward. In fact, our investors decided to invest explicitly because they believe our team is the best able to make decisions on growing a sustainable business and solving the developer platform challenges. No matter how good the VC, they obviously don't have the background+skills+focus to design APIs (and likewise shouldn't).
One of our investors likes to say, "We're in your corner, but not in your kitchen," which I've always thought framed the relationship well. I know there's lots of cynicism in the tech world with buyouts/acqui-hires and swarmy VCs, so I can understand where this reaction comes from. And unfortunately I don't have a solid rebuttal other than saying "trust me" with the test of time. Clearly that doesn't work for the HN skeptics. :/
It's also worth pointing out that not all acquisitions are terrible. Google Docs came from an acquisition. So did Google Earth. Facebook continues to run Parse, and Instagram, and Beluga via FB Messenger. Sometimes these acquisitions legitimately make sense, but I think the important thing is keeping the right people in positions to make those decisions when the time comes, and not the people who are just looking for the immediate financial return.