Tag: cryptocurrency

Josh Elman, a consumer specialist at venture capital firm Greylock Partners, couldn’t have been blunter about “acquihiring,” the practice of big companies paying big bucks for startups to hire teams for their expertise. “There was this funny little period time where that seemed like it was a thing,” Elman recently told a crowd of startup entrepreneurs at the AWS Loft in San Francisco. “I think that’s gone.”

That doesn’t mean big companies aren’t buying startups, Elman continued. In fact, it turns out that acquihiring didn’t translate to getting better talent than just hiring—it’s just more expensive.

AWS Startup Spotlight