I realized it’s no different than 90% of other startup acquisitions where the product gets shut down. Both my founder and I took jobs at FB and we’re going to advocate for the ideas we learned. What’s the difference? TC: $$$$ UPDATE: after discussion we decided to call this an acquisition. Some mentors advised to submit our code to Facebooks repo so we can claim our stock comp as long term gains (potentially with founder treatment). Separately we’ll be writing off a bunch of “expenses” including a company vacation to Israel :)
That is an inaccurate and dishonest description
Why? What’s the difference - I make more than my friends who were acquired.
Then just tell them the TC if your friends care about these things so much. Also, get new friends.
Why would your friends care? You’re putting way too much importance in yourself.
This is just sad.
Don’t forget to add that you got screwed out of the equity by backstabbing VCs
Lmao nice Tc
If you have to ask whats the diff, you are either lying to yourself or your ego is too big to admit failure. Both of which are not good qualities lol. Just take it for what it is and keep going. Why do you care so much about whether your friends think its a “acquihire” or hire? Lol i dont think even your friends would care...
I paid back all the people I raised from, didn’t really spend any of their money.
How much did you raise?
The main reason it matters is long term, it’ll help my resume to say “Sold startup to FB” VS “Startup failed and went to Facebook”
If you put sold startup to fb, thats straightup lying and can easily be found out during background checks right? Selling a company to fb is not as paperless and easy to lie about as you think...
Otherwise, shit... i sold my AV startup to Lyft and now I’m helping them develop self driving cars.
What’s the problem in admitting failure? Everyone knows most startups fail so it’s nothing out of the ordinary.
LUL