He predicted that «acqui - hires,» when companies
buy young startups for their teams of engineers, will continue and says smaller companies have begun doing them too.
Not exact matches
The sale was a milestone for Israel's
young but huge
startup community: The first Israeli consumer - app company to be
bought for over $ 1 billion.
Smaller, independent brands are seen by many consumers, especially
younger ones, to be more hip and healthy and rather than compete with them many big food and drink companies have looked to
buy into and learn from
startup innovation, a leaf straight out of Silicon Valley's playbook.
For background, OkCupid singles tend to be
younger, which is one of the reasons why IAC's Match.com decided to
buy the dating
startup for $ 50M earlier this year.