Jason’s argument that acquirers buy time
The article presents Jason’s argument that acquirers buy time, not only revenue or customers, allowing A-minus and B-plus companies to find buyers.
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Jason’s general point: acquirers buy time, not just revenue or customers. That’s essential for venture to work, because it’s the only way A-minus and B-plus assets get bought. Rory flagged the board drama: the founder had stepped back, a hired CEO turned the business around, then the chairman replaced him and investors pushed back. The UK-style non-exec chairman model makes sense for mature public companies and none for venture-backed ones. When you have that much instability and someone offers to buy you, you hit the bid.