Not directed at OP in particular, but with acquisitions that include shares, is there something that stops you from just dumping them straight away, essentially making it a cash only deal?
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Take the Money and Run
31–40 of 182 posts
Re: Take the Money and Run
#32Great story and well written. I always like stories with happy ending :)
Re: Take the Money and Run
#33Man, that last paragraph was so sobering. Everything up to that point made it seem like it was a decent deal that they could live with
Re: Take the Money and Run
#34Great story and well written. I always like stories with happy ending :)
You might be disappointed at the rest of the story, then. :)
Re: Take the Money and Run
#35Got me hooked :) Looking forward to the next post. Please fix the rss, so I can get the next post in my inbox (ifttt).
Re: Take the Money and Run
#36Team of 2 going into meetings to talk acquisition very exciting! But makes me think the deck is stacked pretty unfairly (always is) but you might have been able to improve your odds by hiring some M&A experience for the day.
Would you have sold to Atlassian if they had offered? If so, did they know your company was in play?
Re: Take the Money and Run
#37Just out of curiosity, can you share a ballpark figure about the buyout price. 5,10,20 Million?
Re: Take the Money and Run
#38Very nice story, I have just one question: why did you guys not look for fundings or apply to something like Y Combinator? Also, I know there are a lot of other similar stories around the US. I would really like to find and ear something similar in an European country, in the hi-tech industry: a small startup doing a good job, with a tiny but prepared team, being lately acquired by a larger competitor. Is there any s…
If you can bootstrap, why raise unless you have a major barrier to achieve success?
Re: Take the Money and Run
#39Re: Take the Money and Run
#40> Eventually, we'd come to learn how wrong we were, how hard the road ahead of us would be, and that selling the company would mean the end of what we'd worked so hard to build. But that night was for celebrating. So ominous... any hint as to what happened before the next blog post installment?
> So ominous... any hint as to what happened before the next blog post installment?
Looks like they started a new company called TaskTorch. Considering this acquisition happened in 2010 and TaskTorch hasn't really launched yet I'm going to assume they stuck around big company for a few years, hated what they were doing to the software they loved to build and eventually quit after taking their sticking-around bonus.
Good way to announce your new company if I do say so :)