Thanks, Global, for taking the time out to share. I appreciate you. I know it's hard to take time out even for things we like doing.
Change is hard on everyone in every case in my experience. Blackberry just acquired Cylance this year, and the foundes of Cylance left. That's a huge firm, so it doesn't matter the size or mgmt. team. Entrepreneurs don't necessarily make great employees. They just don't like to be told what to do, but that's why they are entrepreneurs. It takes all kinds.
I have personally been acquired a few times. Two times in the particular industry I'm in, and turnover was high in both cases. First time was 10 years ago. I was an a big International firm called L and was acquired by a bigger international firm called M. That was hard. Most people got mad and quit. It was due to consolidating downtown, which was a move many didn't want to make. It was new mgmt. not understanding our business. It's just hard. Anyway, I stuck around for another year or so, and I went to work for a tiny local firm after that, and it had some of my co-workers from the original L. I let them test the waters first. LOL
Anyway, L couldn't be digested by M and M sold my former L. And L was bought and sole a few times. And I was happy for years at S, then a big V came and ate us and I went from a local small firm to international again. And it was rough. and as fate would have it, V just ate L earlier this year. So, I'm reunited with L. But L was international, so my former colleagues I left from the original L have moved again. But they are used to being rejected and abused, so they are tough. They've been eaten so many times that abuse is normal to them. LOL
Anyway, long story short. Most of my former S friends left. Change is hard. Now I'm back with my original flock, and it just keeps getting better and better. We are huge private equity now. We are so big, that we are private equity within private equity with many parallel universes within that one. But I love many of its benefits as we conquer the world. It's ike the borg where I work now. Resistance is futile!
It's good though. Yet, rough on people. and it was hard on me, but I really like it better now. The software was so hard to transition too, but it really is more scaleable and powerful.
The point here is that it doesn't matter if it's a good move or bad. Succesful or not, they all are rough transitions and turnover high. I don't think it's an indicator one way or another.
I don't know how the cards will fall here or where the bottom is. I just know the lower the price, the better the value. Whether that is a .10 outcome or a $5. outcome, that truth remains. We shall see. It's going to be an interesting year and so many things to come out of the shake. Lots of dust is going to settle the next year or so and the fog will clear.
I'm going to enjoy the ride no matter what.
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