On: Renewing Medium’s focus

[type0]

> In so many words, "We'll think of something."

Maybe they would try to get acquihired

[ascorbic → type0]

Companies that raised $123 million don't get acquihired.

[gph → ascorbic]

Why not? That's a genuine question, not trying to be a smartass. Would a company that raised that much money not be worth its value to be acquired?

Edit: Looks like Instagram had raised 50m before being acquihired. Definitely a much different situation than this one, but it's not outside the realm of possibility that a company which raised 100+ million would be acquihired.

[demystified → gph]

I would not consider Instagram being "acquihired".

See definition from wikipedia (https://en.wikipedia.org/wiki/Acqui-hiring): "...the process of acquiring a company to recruit its employees, without necessarily showing an interest in its products and services—or their continued operation"

[ascorbic → gph]

Instagram was sold for $1 billion with just 13 employees. That's certainly not an acquihire.

[ascorbic → gph]

Because acquihires are at much, much lower valuations than that. You'd be relying on the investors agreeing to basically write off their investment.