One of the biggest bets startup employees make is on the founder. That trust may not be tested until years later, when the company exits.
A startup can sell for billions, and the people who helped build it can walk away with vastly different outcomes.
During M&A negotiations, investors bought in at different prices and have different return expectations.
The buyer has its own priorities. Employees don’t have a seat at the negotiating table, even when the deal could be a life-changing event for them. So much can come down to whether the founder has their back when they're not in the room.
In the latest Greylock Originals, @chronosphereio co-founder Martin Mao (@martin_c_mao )and Greylock Partner @jerrychen share what happened behind the scenes of Palo Alto Networks' $3.35B acquisition of the company.
00:00 The decision behind the headline
01:01 Why sell a fast growing company?
02:15 What makes an offer worth accepting?
03:36 "You only get one chance to sell"
05:18 A first-time founder vs. a Fortune 500 CEO
07:11 Who speaks for the employees?
Touring factories & labs is one of my favorite parts of this job. I could spend all day asking questions.
This time we brought cameras.
Field Trips starts with @RhodaAI, @ArborEnergyCo & @harbingermotors:
https://t.co/h1fNcxv9FM
@mgsiegler The delivery date was moving really quick during checkout. (And method - in store pickup literally disappeared while I was checking out.) Supply has to be just really tight.
Exciting role @DaffyGiving 👀
We're looking for a founding general manager / GTM leader for our innovative Daffy for Work platform.
If you have experience w/ corp benefits, knowledgeable abt private stock & are inspired by our mission, we should talk.
https://t.co/TYGysqhJSi
@harper@BuildWithFlux hey @MatthiasWagner -- this is good & important feedback from someone who'd be very likely to use & love & evangelize flux. (harper's also a friend)
@stlhood i've been running a (now very modified) nanoclaw for awhile; plus an unholy mix of local microservers over the tailnet for things like health & nutrition, etc and some automated cloudflare stuff for public facing. having fun exploring the model you've got here, will report back!
@stlhood this makes total sense to me, thank you. it's really interesting to be able to see these various artifacts quickly; one of the things i'm playing with lately is ios widgets; i think i just need to make a native frame to pour them into.
It took @DaffyGiving a little more than a year to reach $20M in charitable assets.
Wow, how fast we've grown since then. 🚀
It has now been 5 years since we launched, and Daffy now has more than $2 billion in charitable assets. 🤯
100x growth in less than 4 years. 💸