Very direct, very plain and detailed. They cover all the bases about the why, the how, and what to expect. I really appreciate it.
Best of luck to the team and hopefully the new home will support them well.
How long before we hear about “Our Amazing Journey”?
On the other hand, I would rather see someone like Bun have a successful exit where the founders seem to have started out with a passion project, got funding, built something out they were excited about and then exit than yet another AI company by non technical founders who were built with the sole purpose of getting funding and then exit.
"You buy me this, next time I save you on that", etc...
"Raised $19 million Series A led by Khosla Ventures + $7 million"
"Today, Bun makes $0 in revenue."
Everything is almost public domain (MIT) and can be forked without paying a single dollar.
Questionable to claim that the technology is the real reason this was bought.
You have no responsibility for an unrelated company's operations; if that was important to them they could have paid their talent more.
From an ecosystem perspective, acquihires trash the funding landscape. And from the employees’ perspective, as an investor, I’d see them being on an early founding team as a risk going forward. But that isn’t relevant if the individual pay-off is big.
Every employee is a flight risk if you don't pay them a competitive salary; that's just FUD from VC bros who are getting their playbook (sell the company to the highest bidder and let early employees get screwed) used against them.
Not relevant to acquihires, who typically aren’t hired away with promises of a salary but instead large signing bonuses, et cetera, and aren’t typically hired individually but as teams. (You can’t solve key man problems with compensation alone, despite what every CEO compensation committee will lead one to think.)
> that's just FUD
What does FUD mean in this context? I’m precisely relaying a personal anecdote.