Live data from Hacker News

Watching an acquirer ruin your company

startupwin.kelsus.com

151–160 of 347 posts

Re: Watching an acquirer ruin your company

#151

Earlier quoted context omitted.

Being willing to throw away work is the single most effective way I've seen at running an engineering org, both in terms of promoting innovation and in being able to quickly adapt to evolving customer needs as they get revealed. If your morale is harmed by throwing away work, that's something you should work on.

This is something I've come across in my own experience. If you don't actually have any experience in the problem space, the best thing you can do is make something that just barely works, then scrap it. Then all the unknown unknowns become known unknowns and you can actually create good solutions to it. All planning is a waste if you don't even know where the speed humps will lie.

>All planning is a waste if you don't even know where the speed humps will lie.

If that's the place where someone is, they should be conferring with someone else who knows something instead of trying to fly solo

Blindly going through problem spaces is how you waste your life taking wrong approaches

Re: Watching an acquirer ruin your company

#153
post #81

Earlier quoted context omitted.

> I don’t know which business school teaches people to say “ah can you smell that fresh mountain air” while they have their hands wrapped tightly around your neck … It’s all of them and the higher you get into management the more apparent it is. They sell a system of meritocracy where those who work the hardest get the rewards. Then you get into management and working side by side with people whose first job out of c…

> setting up a hiring cartel to depress our wages I missed this, any details?

I received a settlement from the case because I worked at Intuit, also a party to the cartel.

Re: Watching an acquirer ruin your company

#154
post #8

I think it's safe to assume that if your company is acquired, it will be "ruined". Even in the best case, where the product/service stays alive and some of the original team is still working on it, it's going to be somebody else calling the shots and taking it in all sorts of unexpected directions.

Yeah even ones that are "successful" like Whatsapp still have the founders unhappy with the direction. Acquisition is almost never a way to achieve any goal other than getting paid.

Which is fine. It's fine to get paid. That's the deal -- you are getting a bag of cash (more than you could ever make as an employee) for an asset. You lose all say over it once you have gotten your bag of cash.

Re: Watching an acquirer ruin your company

#155
post #13

As soon as someone hands you the check it's no longer "your" company and you should stop thinking of it as such. Only misery lies on that path. I see this on a smaller scale where ICs leave a company and take a copy of "their" code (ask Sergey Aleynikov [1] if that's a good idea). It's not yours. If you ever use it you could face legal consequences. And there's no code I've ever written that I wasn't convinced I coul…

Have you ever started a business before? Yes, you technically no longer own it once sold, but there's a huge amount of blood, sweat and tears that goes into building something from nothing - not to mention a sense of loyalty to your staff - and you genuinely do want to see it go into good hands and become managed well. I guess a somewhat leaky analogy would be like giving away a dog you raised to another family and f…

Dog breeders and trainers have this issue in spades. The common advice is to separate your job from your feelings as much as you clearly as you can, otherwise it gets bad really fast and not only you can't continue your job, but it breaks into your personal life as well.

Your analogy could be apt: don't sell your company if you can't see it suffer in other people's hand.

Re: Watching an acquirer ruin your company

#156
post #36

Earlier quoted context omitted.

Maybe GitHub is different enough? I know FAANG acquisitions are mostly different (but not always[0]), but it seems GitHub started a new focus on features around the time Microsoft was in talks for an acquisition[1]. Even if this you attribute this feature focus to the increased downtime, the features probably outweigh the downtime in terms of value provided to their cloud/enterprise customers. Also, they've kept thei…

I think it would be a giant embarrassment if MS were to fuck up Github. GH is too big to fail (also, LinkedIn, Blizzard (soon)) etc.

One might have thought the Windows Phone product, and the acquisition of Nokia, was too big to fail, but that didn't stop them from doing so.

Re: Watching an acquirer ruin your company

#157
post #119

Earlier quoted context omitted.

And still too busy smelling our own farts to unionize.

Well, question is which part of the world you live in, of course. But I don't need to unionize. If I am not satisfied in my job I can switch. Each consecutive job hop past 15 years got me better pay, better benefits and sometimes a better job (sometimes it was equaly shitty as the prevous one but for better money). This does not happen for unionized workers. Maybe in the future we will have to unionize. Definitely no…

> And this is not a matter of pay, e.g. airline pilots are paid more than programmers here yet they are heavily unionized.

[Citation needed]

Re: Watching an acquirer ruin your company

#158
post #26

> As soon as Sphero completed the acquisition, bringing Kelsus in as an app developer, two things happened: 1) Sphero told us they needed fully revamped iOS and Android apps six months later with no schedule wiggle room. 2) Sphero spent the first two of those six months organizing a team on their side and hashing out requirements for the new apps. This exact pattern has preceded every mismanagement disaster I've ever…

> and the death spiral begins. The death spiral becomes visible, really. The gun had already been fired, the body just hadn’t hit the ground yet. I must say these failure modes are much worse than the ones I’ve experienced, which maybe I should be grateful for, I’d have to think about this. Generally I’ve seen a slower burn, where the remaining fiscal year plays out with soothing tones and promises of not changing th…

As that famous Guy Kawasaki quote goes : “The higher up you go, the thinner the air.”

Re: Watching an acquirer ruin your company

#160

> As soon as Sphero completed the acquisition, bringing Kelsus in as an app developer, two things happened: 1) Sphero told us they needed fully revamped iOS and Android apps six months later with no schedule wiggle room. 2) Sphero spent the first two of those six months organizing a team on their side and hashing out requirements for the new apps. This exact pattern has preceded every mismanagement disaster I've ever…

The story fills in all the reasons why ‘management’ start at #1. Company A buys company B for a product it believes in. Company A knows that company B was incapable of getting product to finish line, which is why they sold out. No problem though, company A has done this before… The managers at company A are assigned to ship product, just like they have before. Managers can’t say “its all good, we’ll give them a coupl…

So basically from the inside everything looks reasonably well, especially at the beginning?
Post reply on HN