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This VC doesn’t get it

So Ben Narasin from Triple Point Capital wrote an opinion piece on Techcrunch complaining that he got a raw deal in an acqui-hire.

The End Of The Acqui-Hire?

Hey Ben, in case you don’t know, if not for the acqui-hire your startup investment would have been worth zero as the company would’ve simply shut down. The “portal” that acquired the team was kind enough to pay you 10 cents on the dollar (on top of the incentives they gave to the team to join them) on something that has zero value to them.

Publicly making a fuss on Techcrunch just looks bad on you.

 

  • If the company had legs, the would’ve turned down the offer long before the interview stage. They obviously don’t.

    Reply

    • That’s because they’re expected to get a 20% annual return for their fund, at the minimum. Otherwise people would just invest in the stock market. Most VC funds perform worse than the market though; the few big name ones do well, like Sequoia, Andreesen, etc.

      Reply

  • Triple Point Capital? Lol, sounds like this Ben guy is rocking in the low tier VC funds, I would complain too

    Reply

  • Personally I think the practice of acqui-hiring by big companies like Yahoo! and Google reeks of short term thinking as it only harms them since their own employees see the incoming “team” getting bonuses and a badge of having been successfully “acquired” so they are apt to leave to pursue their own startups causing more talent shortage.

    Reply

  • No crocodile tears from the money men. VC’s do plenty of fucking of their own. They’re big boys– they can take care of themselves.

    Reply
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