I once witnessed the moment when the messenger from the new management team comes over to explain to the brilliant engineers who built the company up from nothing about these "timesheets" they need to fill in, and how it's "really not a big deal". You could feel something dying over the course of the conversation. It was one of the most uncomfortable things I've ever seen, and I'm sure it's far worse if you are one o…
I think most acquisitions are to get the app's users, not to get the programmers or the code. Sure, there is the typical "you don't get your $250 million until you work here for a year", but that is just to help move your code to their servers. Then you leave and do Idea 2.0 and fund it yourself so that you don't need to be acquired. As for timesheets, all that stuff sucks, which is why you need to think of work as "…
The timesheets are a symptom, not a cause, of the malaise that creeps over acquired startups. Timesheets correlate strongly with TPS Reports (don't forget the cover letter), long conference calls, labyrinthine procurement rules (sorry, you need to buy that widget from our preferred vendor), deeply nested org charts, zero-sum team performance reviews, and so on. It's an environment practically designed to kill productivity dead and drain the enthusiasm of the most dedicated employee.