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Comment on Loopt acquired by payment card provider for $43.3m in cashparent

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It's no secret that the "going rate" for startups that are successful and get acqui-hired is $1-2M per engineer.

It's hard for big companies to find talented engineers, and so when they acqui-hire, they can just instantly shuffle those smart people out of the project they're working on and onto something else.

The bet is that each smart engineer will provide at least $1-2M of value to the company in the long-run.

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