deaththeunholy
43790
1014
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Been on here with y’all for over a decade, been working towards this goal for over 5 years now and it has just finally started moving. Recently signed our acquisition papers and looking forward to what I’ll be able to do with more resources and opportunity there. It’s a long process and we’re not closed yet but here’s hoping! As with most people, I don’t have a lot of people to tell so hope the void appreciates my contribution here. Most Viral Edit: first time on the FP so send whatever you’ll think I’ll like, whatever floats your boat so to speak
f3n1x187
but for real! congratulations!
Birdnose
Congratulations!
ThingsThatDontJustifyGenocide
Does the owner benefit, @OP, or are you benefitting?
Snipsuper
PersonalityFire
Pack it in, boys, @op is taking us to Sizzler!
djhash
So….. you’re hiring?
JohnnyLawlessEsq
I'm glad your time and hard work are paying off, but as a veteran of a few start-ups myself, the current model of "Burn VC in the hope of making a big enough cloud of smoke so that a multi-billion, multinational conglomerate acquires you" is bad for innovation and ultimately results in less capital being available for operations that want to stay independent.
BurlRavenscroft
I hope your employees feel as good about this as you do. Acquired twice last year so… better luck.
AyatollahBahloni
JustaSimplePlumber
deaththeunholy
Man hopefully i get a low ticket number
lapsedoptimist
5 years? At what point does a start up cease being a start up and become a business? Congrats obvs
Mxlespxles
Happy for you, dude!
deaththeunholy
Thanks
BobaFettApproves
@deaththeunholy So how’s it going with your start up? I was browsing random mode.
tallyhoho
Take the buy out and go start your next project friend. You won't have to endure watching your baby morph into something unrecognizable and it's nice to take that long awaited break you've been promising yourself for 10 years. As someone who's seen multiple stages of tech start ups you'll thank me later
Schaade
Congratulations! This is the way it works--building something yours to be worth more and more until someone else thinks it's worth a lot.
deaththeunholy
Yeah, happy it worked out for us. Now need to figure out what to do next and how to work through the next phase
donthaveonebrojustlurk
Exit is the hardest phase. Good on ya.
highnatized
Amazing, congrats! I'm on my second startup now, 4.5 years in, we're at least 3 years away from acquisition, can't wait for that day! 90% of startups don't make it as far as you did
deaththeunholy
Oh I know. Celebrating just that fact because it feels good to be in this position. I’m not gonna make out like a dotcom bandit with a unicorn and never work again, but some recognition is nice for sure.
hufflesnuff
I hope you were good to your people, man. My wife's company that started in a bedroom is getting acquired after a decade, and the founder is taking it all - every penny after the millions - and not spreading a cent around.
gilliamv
Quentro
Good luck, I've been through the same thing.... Integration, if done poorly, will frustrate you (like A LOT). But the financial security is a blessing
WrathOfJigglypuff
If they keep him on. I hope OP got a nice big cash settlement or some kind of payoff.
FreedVentureStein
Well done!! Congratulations!
madeforpower
When is the pizza party??
RichardHardley
Grats!
deaththeunholy
pretyinpink
Well I hope it all works out for you! Congrats and good luck to ya!
ychy
I hope you will have a happy ending like Tom, my first friend in MySpace
DrewThe3DPrinterGuy
Congratulations!
deaththeunholy
brotherhoodofapprenti
Where…..where are the pixels?!
DrewThe3DPrinterGuy
They got sold off in the acquisition, sorry.
whatspaulplayingtoday
Good luck, buds!
deaththeunholy
whatspaulplayingtoday
vissago
congrats man! i hope my startup goes the same way!
deaththeunholy
Best of luck!
vissago
thanks! it aint easy
TheobromineAddict
Good luck. Every company I've worked at that was acquired, vanished within 2 years along with all their products and/or services.
fbutaric
Same here. Best bet, get out early and beat the rush.
deaththeunholy
Well we’re being absorbed so I don’t think we’re going to be separate too long. Though I guess we’re supposed to take over a vertical (or a few) for the new company doing what we already do fairly well. Hoping for the best
TheFishFace
I worked at a company that was acquired q couple of years ago, most (or maybe around half) employees still work at the new company. The old products don't exist any more but the tech does and people are actively working on making new products with it.
It all depends on the nature and purpose of the acquisition
Bystandr
What are you doing for business?
deaththeunholy
Small technology company. I “keep the lights on” so to speak and am one of the original architects for most of our systems.
So not sure now that we’re being absorbed but probably something similar here…
TruckStopRats
As you one of the original architects, how much of the company do you own?
deaththeunholy
Yeah one of the original and not nearly as much as you’d think. Lots of the company is owned by investors with preferred stock from our various series funding rounds. As an individual I own about 1% of the company
Bystandr
I gues its too late as you have already been aquired, but I would have wrote into the contract for you to have a job that couldnt be cut and 0.1% stock with a 1% bonus per year you met x-target, but hindsight 20/20 and all that
deaththeunholy
There are milestones and rewards in my package but yeah legal doesn’t really go for that nowadays in employment contracts in my experience