I’m running a startup in Africa. We’ve raised $30,000/= USD from an early stage investor as a convertible debt. We’ve run out of runway and are living off our monthly profit of USD 2,500/=. We are a team of two each with salaries of $400 USD.
I’ve received an acqui-hire offer: the deal will involve the acquirer paying off our debt, and our monthly salaries in the new company will be $4000 USD for myself and $1200 USD for my co-founder.
Should we persevere or take the offer?