When companies get acquired, founders and early employees make money. At least that’s how it is made out to be. There are many happy outcomes to an acquisition.
Some instability and chaos is part of almost every merger & acquisition. As the ecommerce industry consolidates & smaller deals pick up, if you are a startup employee, it won’t be a bad idea to be ready for it.
In large firms, HR readiness for M&A is taken quite seriously they tell me. Pre & post acquisition surveys, communication processes and months of planning & integration makes it smoother, although there is always some attrition.
But for startups, none of this exists. At an organisational level, there is very little readiness. Of course, in many cases, the founders are considerate enough but many mergers these days are shotgun weddings. Time is often a luxury no one can afford. Founders themselves are helpless in many cases.
Like I’d written before, startup employees are made of a different fabric (it is one hell of a ride!) and you will live to tell the tale.
Take some recent examples.BabyOye & Hoopos
In 2013, BabyOye and Hoopos merged. The two companies, both...