"Acquihire"
Say this instead: buy a company for its people
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Startup's version of a graceful exit and acquirer's version of a recruiting shortcut. The acquired team usually discovers quickly that the product they built is getting shut down.
This looks more like an acquihire than a genuine product acquisition.
This looks more like buying their team than wanting their product.
Corporate Rank: Managing Director · Category: Startup & VC Jargon
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