Anyone who worked at a startup then got acquired by a big company?
What changed for you post acquisition and how did it change your lives Context: worked at a small startup getting acquired soon by a publicly listed company
Isaiah Carmden
Stealth
8 months ago
I was working in a startup, but I left only after a couple of years. 😅 That startup got acquired by a big company some years after I left.
My co-workers who stayed till the acquisition, their life changed in two ways at acquisition:
1. Each of them got USD $1 million cash in exchange for the e-sops / equity they owned
2. On acquisition, their salaries immediately got doubled by the acquiring company, in line with the company's salary bands
So there, that's how lives change on acquisition. 😄
Coy Vernon
Stealth
8 months ago
Very interesting
Jordon Carmden
Student
8 months ago
Let me guess! Freshworks ??
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Yeah, but don’t expect much. I have never heard any employees making a huge sum from this. It’s usually the founding engineers who gets privileges to convert their Esops.
Dezi Denver
Stealth
8 months ago
We are a team of 5 so its different
I am not aware about acquisitions of such compact teams. Probably check woth your co-founders only.
I was working with a startup that got funded in Dec 2019. Few months later COVID started. Our funds lasted till Oct 2020. Then our whole team was acquired by our biggest client.
They created a dept for us in their company. Initially it felt like switch from Lamborghini to Maruti 800 workwise. At startup, everything happens so quickly. But at a full fledged IT company, i was shocked with the "raise a ticket" culture. Even small permission requires tickets. Everything slowed down. Small things took days. This eventually affected my work. I got tardy and couldn't work for more than 1 hr continuously as compared to hours at startup.
Dezi Lee
Stealth
8 months ago
Interesting
Big operations need processes. Handful of people in a start-up cannot be compared with a big corp
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Jordon Dean
Student
8 months ago
How did it change lives?
Dude brace for impact, role can be declared as 'redundant'. Start running!
Anise Lee
Stealth
8 months ago
Dont think considering we are a team of 5 people
Jordon Gabriel
Student
8 months ago
I've stories to tell, but nvm. All the best!
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I have 3 acquisition experiences:
1. ESOPs liquidated. Some people made crores and some made lakhs.
2. Salaries matched to existing employees + all benefits
3. Slow down due to processes & approvals
4. Consolidation of teams & applications which might make you redundant over 1.5-2 years.
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