"VoidZero is joining Cloudflare"
As if they chose to do that. Yes, they agreed to it, but in the end it was just a huge financial transaction.
But i guess "Cloudflare buys VoidZero" just sounds less friendly. Even though that is exactly what happened.
That is the definition of making a choice.
This is some incredible mental backflipping to suggest that their choice wasn’t their choice.
I personally think the owners should get to decide, but it's an interesting duality.
(assuming it's not like everyone has a share or something, in which case they would've all had to agree I guess)
The owners of a business get to decide what to do with their business.
> (assuming it's not like everyone has a share or something, in which case they would've all had to agree I guess)
Unanimous agreement among shareholders is not necessary to sell a company.
The employees might have had some shares in the company, but not all share classes have equal voting rights. It’s also unlikely that employees in aggregate would have had enough shares to override everyone else anyway. Once shares are split among investors, founders, and employees the individual ownership of any one person or group becomes small.
I wouldn’t assume that the employees wanted to avoid acquisition. They likely benefited significantly from their shares being acquired and their new compensation packages. Imagining that the employees resisted this is projecting some other story on to them
Wow. Bold opinion. The owners of a company get to decide what to do with it?
Explain how thats not a clear indication of this being a choice and something they agreed to.
However the poor guys also have to legally accept being bought.
Lets not pretend they aren't putting money into the bank.
With all that said, I don't think we can extrapolate that their business wasn't doing well or that they couldn't have raised more money. Cloudflare probably just offered a good enough deal that it didn't make sense to try to grind it out.
What I really mean is that when M&A happens, it seems like a lot of people think the acquirer is the only one with any agency, and that's not true at all.