Here's a view into the bizarre economics of mergers & acquisitions.
Suppose you're a startup with $5 million funding and a couple of dozen clever engineers. You set your engineers loose on creating a killer 1.0 product, which takes them a year and a half or so. Now a fast-growing Hot Public Company decides they really want a product like this, and they are doing a build vs. buy analysis. What's it worth to them to avoid having to build the product themselves?
