Very few care deeply for the original product -- just as much as needed for the eventual payoff. If they did they wouldn't let it dissolve into the hands of some humongous company like Google/Facebook et al (especially since 9 out of 10 of such acquisitions end with the product being halted).
Sometimes the original thing isn't even a product. It's a bunch of free stuff offered to get as many users as possible that could never stand of it's own (no monetization options) and only a acquire could save it (the buying company can then use it as a acqui-hire, to get some press and street cred, to build something else, as part of a larger, different offering, etc).
I'm sure one can think of one or two such cases. But can they think of ten?
So that reasoning I don't think applies. The founders know that the product will go down the drain post acquisition, but they still do it for the money.
Another point is that developing businesses as products is aslo neccesary. This allows bigger companies with cash flow but without the talent to simply shop around for their next offering.