But here's the nuance: It's not that you can't proactively sell your startup. It's that acquisitions driven by an acquirer's initial interest usually yield better outcomes, given your situation and the state of the market. Our process started with inbound interest from a few companies looking to buy Kraftful for strategic reasons. To ensure the best deal, I also connected directly with CEOs, CTOs, and chief product officers at 25+ companies, leading to serious conversations with more than 10 companies.
Amogh Chaturvedi is running on little sleep but plenty of conviction at 6 a.m. He's groggy, apologetic for rescheduling, and still reeling from a recent scare involving a family member and an electric scooter. Within minutes, though, the 20-year-old Stanford dropout snaps into focus, walking me through how he and his co-founders sold one startup at 19, landed in Y Combinator, and raised $5 million for their next company, Human Behavior.
Once the acquisition is finalized, Statsig employees will become OpenAI employees. It will continue operating independently and serving its customer base out of its Seattle office," OpenAI wrote in a blog post, noting that the deal's close will be subject to regulatory approval. "We'll take a measured approach to any future integration, ensuring continuity for current customers and enabling the team to stay focused on what they do best.