Getting Acquired

@itstaayjus

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SoundTikTok sound · original sound - itstaayjus

Promoted product

Selfloophttps://selfloop.io/ ↗

Why it worked

The video taps into the aspirational narrative of startup founders, discussing a significant business event (acquisition offer) in a relatable and personal way. The creator's decision to decline the offer, despite its financial implications, creates intrigue and positions them as a determined founder, aligning with the 'build in public' ethos.

Summary

The creator discusses receiving an acquisition offer from an AGI lab but declining it. They explain that while the offer was substantial, it would mean returning most of their raised capital to investors, and they prefer to continue as a founder rather than become an employee.

Structure

1Received acquisition offer from AGI lab
2Declined offer due to financial implications
3Explains acquisition as a way to hire talent
4Prefers to remain a founder, not an employee

Product placement

The creator's bio link points to Selfloop, an autonomous visual testing SaaS, implying this is the product they are building and have chosen not to sell.

On-screen text

Getting Acquired

Original caption

Mom I rejected Google’s offer again. #acquisition #business #siliconvalley #startuplife #buildinpublic #startupfounder

More from @itstaayjus

More breakout videos from this creator.

Transcript

I got an acquisition offer from a top AGI lab, but I turned it down. Here's why. They give you around a couple million at this early stage, but I also raised 400k. So I would just be giving back most of that money to investors. And it's kind of crazy though to get an acquisition offer. It's just for talent and for me, but it is it is an interesting concept. The way it works is if they just like you, they usually just reach out and they're like, oh shoot, I can't hire you so the way to get you is to acquire you. But I don't really want to work because I need to just go back to being an employee and what's the whole point of starting it? So, just thought I share the perspective from a founder when you this happens to you.