The Top 15 Tech ‘Acqui-Hires’

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Forget free iPads, stock options and the other perks Internet companies dangle in front of prospective hires. In the technology industry‘s ongoing war for talent, Google, Facebook and a handful of deep-pocketed firms are using a more potent weapon to get the best engineers: the “acqui-hire.” An “acqui-hire” is when a company buys a startup to obtain the startup’s team, rather than to own its products or technology, which it often kills after the purchase. In the past year, the venture capital flowing into the tech startup space has spawned a wave of small companies that is siphoning talent away from larger Internet firms.

Faced with a shortage of engineers, large firms are going on startup buying-sprees and using the founders and engineers they pick up to fill high-level positions.

via The Top 15 Tech ‘Acqui-Hires’ – HuffPost.

Strange Random Hiring Quote:

“Hire people who are better than you are, then leave them to get on with it . . . look for people who will aim for the remarkable, who will not settle for the routine.” — David Ogilvy

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Posted on May 29, 2011, in Article and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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