How many of you stuck around after your company was acquired or what was life like after the fact? Really just want to hear some stories about what you can come to expect after an acquisition. Was there a hold out period? Did lots of people leave? Did it boost of decline morale after the dust settled? What happened to any unvested equity? Whatever you might think is worth mentioning. Thanks.
Depends on what you’re in “your” company 1. Founders: get vested immediately and of course get some more that vest in increment (aka, golden cuffs) 2. Early employee: only vested stocks get paid/converted, rest vest as usual. If you’re a key employee, you get golden hand cuffs. 3. Rest, depends. Again, it assumes successful acquisition. And your company was not founded by a*holes.
I worked at a consulting firm that got acquired. They canned everyone in remote offices and gutted middle management after about 2 years. We lost about 10/30 people after the merger through ONLY mismanagement. Our last boss was great, the new company was just pants on head dumb.
https://mashable.com/article/amazon-eero-wifi-router-sale/ No better recent example
Sad but bitter truth, corporate gutting the tears.
More like, the company was failing and sold for less $ than they raised. Execs got retention because amzn liked them, while commoners got shit because they sucked dick
We were acquired in January and they originally said “Business as usual” it’s been tough. Moral is down, key people are leaving/have left and others are wondering if they fit into the new structure moving forward. I will say the retention bonus I was offered was a little insulting.
Health & Wellness
Yesterday
5639
Why are women naked in gym?
2024 Tax
Yesterday
2506
Biden’s new tax proposal is wild
India
Yesterday
1545
Lost respect for Modiji
Tech Industry
Yesterday
295
Chances of meta clearing E5 with screwing up one coding one round and acing all other
Tech Industry
Yesterday
893
So hard being a women in tech industry
Unless the parent company immediately completely assimilates the child company, the first major schism will be about 1 year after acquisition. Then about 6 months after that. Morale will drop, people will leave. The whole “startup within a big company” thing doesn’t really work. 99% of parent company execs aren’t smart enough to understand what to do.