2,160 karma · joined October 3, 2012
As a side note, nearly half this thread is talking about health insurance...really?
Just consolidate already and get over it. Sheesh.
I'll keep it free for now, unless people start abusing it.
This is more of a thought piece than anything.
Of course, the acquisition price will usually never be what you wanted, but you've made it further than most, and now get to wear the "I started a company and sold it" belt. Congrats :)
I say take the acquisition, use this as a learning experience, take some time to catch your breath, relax, pat yourself on the back, and try again when you're ready.
Software and hardware each built with the other in mind is how Apple is able to support updates for 4 years after you buy your iPhone. Manufacturers who use Android aren't able to do so because the two aren't coupled.
Hopefully Essential does it right and take full ownership of their OS. That would be a real game changer.
I've dealt with this in founding a company with my closest friends. I didn't agree with many aspects of how the company was being run and simply picked up and left. I also owned a significant portion of the company in my departure.
In my opinion, you keep the shares that have vested to you, not the shares you are entitled to. I left 2.5 years after signing my stock purchase agreement, so a large percentage of shares were already allocated to me. They tried to get me to give back some of my shares, but I worked extremely hard and sacrificed a lot over the 2.5 years (including working for free), so the shares were the only feasible form of compensation I could argue for.
Eventually what happened was the company issued more shares, effectively diluting my holdings to nothing.
They're still puttering along, doing the whole "I'm the CEO, bitch" thing, we're all still close friends, and I honestly don't regret a single thing about my decision because I was miserable working on it and fighting with my best friends every day.
Do what you feel is right and what will make you happy. In the end, that's what's important. Keep your shares. The chances of them being worth a significant amount are low, but in the event they're worth anything, you've earned that payout.