“While no one predicted this specific outcome, we shouldn’t be surprised,” added the investor Benaich. “If antitrust regulators make [mergers and acquisitions] prohibitively difficult, we should expect these bizarre semi-exits to become more common.”
In what fucking universe are mergers and acquisitions difficult my man
If your company’s secret sauce is that it employs a particular person, then your moat is whatever it takes to poach that person. If that person is willing to leave behind whatever intellectual property, un-vested equity, and relationships behind, then your company was never that valuable to begin with.
Seriously. This guy thinks that regulators would have stepped in to stop OpenAI or Microsoft from acquiring a no-name 2 year old startup with two rounds of funding?
Please.
The company didn’t abandon, Microsoft bought them out indirectly and killed the competition. Nothing to see here.
