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Pleased for the designers and developers, though, they had great success, IMO, and I hope they will make their mark at Yahoo.
Earlier quoted context omitted.
> The team gets a nice payday Part of my naive negative reaction to acqui-hires is that the investors/founders get more of a payday (not VC-dream 100x but I assume more than 1x) than the team really does (maybe some retention bonuses, minor bonuses from vested stock, etc.). This is basically not rewarding the investors for backing a great business idea, or the founders for great execution, but for being great recruit…
My friend was recently ac qr - hired and he definitely did not see big payday. It was slightly better offer than what he would have got as a regular new hire but only slightly. Value of his options (after working for 3 years) was less than 10k.
"Since last summer, we’ve been engaged in a conversation with some of the incredible folks at Yahoo about the ways this more visual approach to data can inspire and entertain. As our conversations progressed, we realized we’d found a partner who shared our passion for user experience, design, and visualizing information." This shit makes me cringe, such bullshit. They offered the right price, we wanted money. That is…
1. Shutdown your service.
2. In the provided announcement template, you must replace [NAME OF COMPANY] with your company name, and after the words "shares our passion for" enter a [SHORT DESCRIPTION OF YOUR SERVICE]
3. Replace your current home page with the completed announcement template
4. Report to Yahoo! headquarters on 9:00AM Monday for Aqui-hire Orientation. Please refer to your acquisition confirmation id number [9342645] at the registration desk. Bring a photo id and recent immunization records.
"Since last summer, we’ve been engaged in a conversation with some of the incredible folks at Yahoo about the ways this more visual approach to data can inspire and entertain. As our conversations progressed, we realized we’d found a partner who shared our passion for user experience, design, and visualizing information." This shit makes me cringe, such bullshit. They offered the right price, we wanted money. That is…
Congratulations on being acqui-hired by Yahoo! We have automated our acqui-hire process so please complete the following steps and then push the submit button. 1. Shutdown your service. 2. In the provided announcement template, you must replace [NAME OF COMPANY] with your company name, and after the words "shares our passion for" enter a [SHORT DESCRIPTION OF YOUR SERVICE] 3. Replace your current home page with the c…
Sad. Another company failing and shutting down with its employees going to work at Yahoo. Sorry, I mean they got acqui-hired. EDIT: There are other comments saying that people are being unnecessarily negative. Maybe so. But this is a company with customers that is shutting down without a single apology to people that depend on their service. Overall, the post just feels like doublespeak, talking about "your transitio…
Are you a customer of Vizify?
The negativity around acqui-hires is pretty ridiculous. Every single tech company pays for the ability to hire smart people, and the basis of the hiring process is centered around the quality of a candidate's resume. In this case, there is a group of smart people (Vizify) who have a very real accomplishment (Vizify), which trumps a fact-laden piece of paper any day.
Funnily enough, I've actually walked from an acquisition before. But for a very different reason: BECAUSE THEY DIDN'T OFFER ENOUGH MONEY. That's it. Full stop. I am running a business, after all.
The negativity around acqui-hires is pretty ridiculous. Every single tech company pays for the ability to hire smart people, and the basis of the hiring process is centered around the quality of a candidate's resume. In this case, there is a group of smart people (Vizify) who have a very real accomplishment (Vizify), which trumps a fact-laden piece of paper any day.
Ratio of "acquihire haters" to "haters who would turn down a well-priced acquisition offer on that basis" = ERROR DIV0 Funnily enough, I've actually walked from an acquisition before. But for a very different reason: BECAUSE THEY DIDN'T OFFER ENOUGH MONEY. That's it. Full stop. I am running a business, after all.
You sir/ma'am, are hilarious.
There are only a handful of comments in this thread and they're already seething with vitriol. Can anyone give context? Or is this just general "Yahoo, blech," sentiment?
There's just general antipathy around acqui-hires. The team gets a nice payday, but existing customers get burned. I suspect that poisons the well for other startups as those customers become more cautious. I'm also generally uncomfortable with concentrating innovation within a small set of megacorps.
It is all happy sunshine, rainbows and unicorns and no mention of the trouble they are causing to people who use the service.
It kind of smacks of "Thanks for signing so that we could get noticed by big company, so long chumps!"
I also worry about the well poisoning. It is almost like a lot of start-ups are not being run as companies but as portfolios to demonstrate skill for aqui-hiring.