<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>socratic</author><text>Could someone experienced breakdown what a transaction like this looks like for everyone involved?  I&apos;m super curious.  I&apos;ve never been acquired, so I really have no insight into the process other than what I&apos;ve read.&lt;p&gt;Here&apos;s the facts as I see them: Crunchbase says Hunch started in September of 2007 and had 23 employees on LinkedIn when they exited.  (TechCrunch calls it a 20-person team, so I&apos;m presuming that&apos;s all the employees.)  They&apos;ve gotten $19.2m in funding, let&apos;s just say $20m.  TechCrunch claims the sale was &quot;around&quot; $80m.&lt;p&gt;So what does the breakdown look like?  Who gets what?  What are the likely investor terms?&lt;p&gt;My totally naive guess would be that the investors got at least a 1x liquidation preference, maybe more.  I mean, did Hunch have any revenue?  So there was at most $40m to go around to the people at the company.  Of course, most of that probably went to the founders.  Would maybe 20% of that have gone to the 20-ish employees?  So naively pretending that each of the 20-ish employees got 1% for four years, did they each end up with an extra $100k/year?  What&apos;s the likely distribution of shares among employees?&lt;p&gt;What are the transaction costs (lawyers, taxes, etc.) for this sort of acquisition?  How long will the employees have to be at eBay to get their earn-out, and will that earn-out be in addition to their common stock in Hunch?  Will they end up being paid less to work for eBay during their earn-out than if they were on the open market?&lt;p&gt;Of course, their are many other reasons to do a deal like this (passion for improving eBay&apos;s recommendations, for example), but let&apos;s ignore that for now.</text><parent_chain></parent_chain></comment><story><title>EBay acquires Hunch for $80m</title><url>http://uncrunched.com/2011/11/21/ebays-got-a-hunch-for-around-80-million/</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>jnorthrop</author><text>&quot;It’s been a long journey for Hunch.&quot;&lt;p&gt;They were founded in 2008 and sold for $80m 3 years later. That is considered a &quot;long journey&quot; these days? Statements like this give me that &quot;we&apos;re in a bubble&quot; feeling.</text><parent_chain></parent_chain></comment><story><title>EBay acquires Hunch for $80m</title><url>http://uncrunched.com/2011/11/21/ebays-got-a-hunch-for-around-80-million/</url></story>