this post was submitted on 11 Feb 2024
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332
Skiff, the private email provider has been acquired by Notion. It is set to shut down its services after 6 months. (skiff.com)
submitted 9 months ago by [email protected] to c/[email protected]
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All skiff users have received a mail in this regard and Skiff has also tweeted about the same.

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[–] [email protected] 39 points 9 months ago (4 children)

Is there a database tracking companies that start out with good intentions and then eventually gets bought out or sells out their initial values? I’m wondering what the deciding factors are, and how long it takes for them to turn.

[–] [email protected] 19 points 9 months ago* (last edited 9 months ago)

good intentions

I’m sorry to tell you that nearly every startup today begins with an exit strategy from the start. The founders of skiff were probably waiting for the right number of zeros in this case

[–] [email protected] 14 points 9 months ago

Not a db, I just want to share one reason that happened to the startup I was working at.

The owners were thinking about keep business as usually which means paying more to the employees or scaling up which is very expensive, they only had small to medium sized companies as their customers(but many). Then this big company came from a different country, they were on a shopping spree buying a lot of companies(scaling up and taking over the market). The owners of the company I worked at were soon 65 or above 65 so they thought that it was a opportunity. Because if they sell then they don't have to be worried about money after retirement. So they did. But they did think the company would be taken care of, but I think they also looked away from the bad stuff, wishing this would be great. Almost everyone left the company after a year or two (myself included), it was a sinking ship. Same goes for the other companies they acquired.

Tldr; selling the company to get retirement money while hoping the company will be taken cared of. Took only a year for ppl to leave because of how bad it was.