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Thank HN: My bootstrapped startup got acquired today

news.ycombinator.com

21–30 of 414 posts

Re: Thank HN: My bootstrapped startup got acquired today

#23
Good for you ! Are you completely exiting the company, or will you still run the product, if only in part ? Are you leaving a team behind ?

I'm very curious about how to approach such a moment. There are so many horror stories where an acquisition ends up being "bad news" for teams and users alike - I hope this won't be the case here !

Re: Thank HN: My bootstrapped startup got acquired today

#27
post #7

Congratulations. I'm curious... what do people do after something like this? Vacation?

I met someone who was an early employee at King about a year after they were acquired for 5.9b - it’s a little different since he wasn’t involved with the sale, but he was still processing the insane amount of money he had. A year on he hadn’t moved out of his small apartment, still contracted, still used the same cheap phone, and hadn’t started investing beyond just the normal mutual funds/bonds/etc. it struck me as the smartest move, take your time to come up with a plan and don’t just dive into recklessly spending it.

I also know a founder couple I was close friends with who had a sizeable exit, who moved to Costa Rica where they could spend little and focus on writing, a side interest that ended up leading to their next company.

I find it’s really interesting how people act when the financial pressure gets suddenly removed.

Re: Thank HN: My bootstrapped startup got acquired today

#30
I put this post in the second-chance pool* as soon as I found out about it, but given that the startup is India, I think Paras might also be, in which case he may be offline for a while! (Edit: and will have rather a lot of responses waiting for him when that changes...)

* https://news.ycombinator.com/pool, explained at https://news.ycombinator.com/item?id=26998308

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