It's a $13 billion sale. I struggle to see the scenario under which that is considered a failure. Most start-ups that get $120k from YC are considered a success here. Someone selling their struggling CRUD app to Amazon for $13 million would probably be considered a success here.
But the $13 billion sale of a public company is a bunch of hemming and hawing about what the stock was worth a few years ago.
I'm not saying it couldn't have been more successful. I'm not saying Amazon won't completely destroy the culture (they may, they may just let it continue as is and use it as Amazon Fresh logistics hubs as some have speculated).
But I don't see how this isn't a great example of how you can treat your employees well - better than almost anyone else at the same level - and make a lot of money while doing it.
> I struggle to see the scenario under which that is considered a failure.
Wasn't Whole Foods valued at over $20 billion a few years ago? If you bought Whole Foods stock at that point (either as an outside investor or an employee) it might feel like Amazon is buying it for $13 billion because Whole Foods has been having trouble staying competitive in the market.
Of course, if you actually started the company $13 billion may be a very big success if your goal was to sell.
But the $13 billion sale of a public company is a bunch of hemming and hawing about what the stock was worth a few years ago.
I'm not saying it couldn't have been more successful. I'm not saying Amazon won't completely destroy the culture (they may, they may just let it continue as is and use it as Amazon Fresh logistics hubs as some have speculated).
But I don't see how this isn't a great example of how you can treat your employees well - better than almost anyone else at the same level - and make a lot of money while doing it.