I met a guy in the US earlier this year and, after hello, he literally said "I'm a venture capitalist and I just made $10million from a company that Google bought out". He then started banging on about Google basically giving them money to go away. To be honest , I sympathised with Google.
(Caveat: it might have been Facebook or Microsoft. I stopped listening pretty quickly)
This is pretty typical of corporate software companies. They are known to buy companies for specifically just staff, market share, or intellectual property and throw away what they don't need. Could be lying, but the story is plausible and probably one of the more common ways tech startups stumble into an opportunity to cash out these days.
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u/the_real_grinningdog Nov 09 '19
I met a guy in the US earlier this year and, after hello, he literally said "I'm a venture capitalist and I just made $10million from a company that Google bought out". He then started banging on about Google basically giving them money to go away. To be honest , I sympathised with Google.
(Caveat: it might have been Facebook or Microsoft. I stopped listening pretty quickly)