Company
Date Published
Author
Tim Brunk
Word count
2689
Language
English
Hacker News points
None

Summary

Following AngelPad's 2015 Demo Day, Astronomer, a data engineering startup, found itself navigating early-stage growth options between acquisition and Series A funding. Initially dismissive of an acquisition offer from a Southern California firm referred to as "Romeo," Astronomer considered a partnership instead. However, as discussions with Romeo progressed, and with interest from a venture capital firm dubbed "Temptation Capital" (TC), the startup had to weigh its options amidst rapid revenue growth and increasing investor interest. Despite engaging deeply in acquisition talks with Romeo, including a high-stakes pitch and subsequent meetings in Southern California, Astronomer ultimately decided against the deal due to mismatched product visions. Though disappointed by the outcome and a parallel investment rejection from TC, Astronomer viewed the experience as invaluable learning, preparing them for future opportunities. The startup remains optimistic about its trajectory, hinting at forthcoming developments.