This is a good question. A lot of people, all over the world, put a lot of work into something and getting acquired turns stock options worth $0 into options worth a lot more than that. It’s just my $0.02 but, knowing the founders and who they are, I’m fairly sure this was more about giving back to the folks that made it happen than it was a purely business decision.
Also, Auth0 was investor-backed so there was likely a lot of pressure to sell at the price being offered. I don’t know how all that works exactly but I can imagine that this kind of decision is made by more people than just the founders.
The management was people first. The owners were VC. So maybe the original owners didn't care enough to interfere with the working management policy. The new owners do.
So.. "incidentally people first just until we can exit."
joshcanhelp|2 years ago
Also, Auth0 was investor-backed so there was likely a lot of pressure to sell at the price being offered. I don’t know how all that works exactly but I can imagine that this kind of decision is made by more people than just the founders.
whoisthemachine|2 years ago
scott_w|2 years ago
- They didn’t know the purchasing company wasn’t “people first”
- The founders burnt out and needed an exit
- The purchasing company was “people first” at the time of purchase
I’m not placing a judgement on Okta here, by the way, because I know nothing about them. Just answering your question.
plagiarist|2 years ago
akira2501|2 years ago
So.. "incidentally people first just until we can exit."
eurg|2 years ago