Google Acquires AppJet, shuts down EtherPad →
AppJet, the engine behind EtherPad, has been acquired by Google.
This means EtherPad will be shut down come March. This approach to this reminds me of something the Drama 2.0 Show <a href=”http://www.drama20show.com/2008/12/03/silicon-valley-the-only-place-where-getting-a-new-job-acquisition/” rel=”nofollow” title=”‘The Only Place Where Getting a New Job = Acquisition'”, about Six Apart’s acquisition of Pownce”>said a year ago, before it became a porn site:
[A]nytime a failed startup is “acquired” and the service is shut down, you don’t have an acquisition. You have a Silicon Valley signing bonus.
I don’t mean to suggest EtherPad failed (from the reactions this story gets, it would seem this is not the case), but I agree with Drama’s main point: when the acquired company is shut down as part of the agreement, it is not so much acquired, as the founders are hired with sign-on fees.