Formlabs acquires startup Micronics and its Kickstarter SLS printer.
David vs Goliath: Desktop SLS Kickstarter Ends with Acquisition : Read more
David vs Goliath: Desktop SLS Kickstarter Ends with Acquisition : Read more
"...Chan will lead the development of Formlabs next generation printers"
I have some doubts that somebody just arrived without experience can lead the development of next generation printers in a company like that.
My doubts were on the fact itself, not on the reason of the "lead" role.It doesn't matter if they can do the work, what really matters here is that they *stop* doing work.
Odds are this kids will either be on payroll exactly long enough to sign an ironclad Non-Compete agreement, or the company will just keep paying them off by bouncing them between cushy jobs until they become compliant, and lazy.
Either way, a paying a couple $150k/yr "design lead" paychecks for a decade is a lot cheaper than buying a company that could have easily been valued at $20-$50 Million the second they found even one major investor.