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MagnitudeFC

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Ask HN: Talk me through the acquihire process

19 points·by MagnitudeFC·2년 전·30 comments

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MagnitudeFC
·2년 전·discuss
Hard agree. It's why i'm trying to land the ship despite some of my own investors just telling me to pack it up and move on to the next thing.
MagnitudeFC
·2년 전·discuss
Wow. The investors did so much to protect a $3M seed investment? Those are really good investors and a stand up founder. Think these days most investors just write off a $3M investment and move on.
MagnitudeFC
·2년 전·discuss
I'm taking that into account in my runway estimate
MagnitudeFC
·2년 전·discuss
Really helpful to hear this from your perspective - thank you!

Couple of follow ups

1) What stage was your company at / how much had the startup raised when you got acquihired? Just curious about how this compares to where we are.

2) What was the interview process like? Any details would be helpful for me to get our team prepared
MagnitudeFC
·2년 전·discuss
Yes I've been very transparent with the team - everyone knows our cash zero day and knows that I am looking for a soft landing.
MagnitudeFC
·2년 전·discuss
Yep
MagnitudeFC
·2년 전·discuss
Appreciate the frank perspective. Understand that time is not our friend here.

I guess I'm just wondering / hoping if it is possible that the BigCo just hires our team? I understand that there isn't going to be a big (if any) pay out for us as the founders here. We've proven that we can ship product and work well together.

The interview process shouldn't take too long if they want to do it, right? Or am I being naive / grasping at straws here..
MagnitudeFC
·2년 전·discuss
excellent advice, thank you!
MagnitudeFC
·2년 전·discuss
What we are working on is very relevant / core to what this BigCo does so there are legit reasons why they are interested. One of our investors made the intro to a very senior VP there who told Corp Dev to speak with me.
MagnitudeFC
·2년 전·discuss
Thanks for sharing your experience!
MagnitudeFC
·2년 전·discuss
sound advice, thanks!
MagnitudeFC
·2년 전·discuss
Thanks, that is really helpful to know going into this. Any insight into what an interview process might look like? I am non-technical (founder/CEO, mainly focused on sales/biz dev) while the rest of my team (co-founder/CTO and 2 engineers) are highly technical. Our product is in the wheelhouse of what this FAANG is already working on.