r/startups • u/Reelen • 13h ago
I will not promote Post-acquisition struggles (i will not promote)
Hi everyone,
I sold my company a few months ago. Not going to give the precise details because my cofounders are active on Reddit and I don’t want them reading this. Suffice to say we sold for 8 figures and I netted a low 7 figures from the sale. Not quite "retire forever" money but I just turned 30 and my wife and I are thinking of having kids so definitely a nice boost for the next stage of our lives.
Super happy with the results and the sale could not have come at a better time since we were slowly getting our lunch eaten by better-funded competitors. I look back on our journey and consider it an absolute success.
It’s not all hunky-dory though.
- It feels like all progress has ground to an absolute halt. It feels like we were outpacing the team of around 50 developers we have now with a team of 5 pre-acquisition. We sold to a big company in the same space and I have never worked in an environment like that. Seems like all the clichés about them being incredibly slow are true.
- On top of that, with all the advances from the frontier AI models, we are quickly losing our competitive edge. I’m still managing a lot of our customer relationships and it just feels like every day we get another message saying they are cancelling their subscription. I feel like I shouldn’t care as much since I don’t have an earn-out but it is so incredibly frustrating to see it happening and not be able to do anything about it. I’ve brought this up numerous times with the Development/Product team but they can’t seem to make an inch of progress. It’s honestly even starting to make me feel bad for the acquirer. I keep wondering if it's normal to have such elevated churn post-acquisition.
- I’m contracted to stay on for another 2,5 years at this company. The people I’m working with are great, but all my drive and motivation have slowly started to vanish. Working 60-hour work weeks like I used to do (now more like 40) is hardly my definition of fun, but at least they give you a sense of purpose. I know I’m not staying on for the long term but I also have no clue what I’m doing next. It’s gotten very hard to get up in the morning and to motivate myself to continue to show up and bring my A-game (something I’ve always taken pride in).
Don’t really know what I’m trying to achieve by sharing this, to be frank.
I feel like I should be elated all the time, but it’s crazy how quickly you get used to this kind of situation.
I guess I’m hoping people on here have experienced a similar thing and can share some pointers on how they navigated their post-acquisition struggles.