The Top 15 Tech ‘Acqui-Hires’
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.
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
- The acqui-tail (gabrielweinberg.com)
- 13 Startups Facebook Acqui-Hired For Millions Of Dollars (businessinsider.com)
- Facebook Exec Canned For Insider Trading Lands Similar Gig At Twitter (businessinsider.com)
- Google’s Perennial Hiring “Problem” — The SAIcast Discuss (businessinsider.com)
- Zynga Makes 14 Acquisitions in 12 Months (mashable.com)
- Sequoia defends its infamous “RIP Good Times” presentation (venturebeat.com)
Posted on May 29, 2011, in Article and tagged Acqui Terme, Business, David Ogilvy, Facebook, Financial Services, Google, IPad, Startup company, Venture capital. Bookmark the permalink. Leave a comment.