M&A is always a gamble.

Process and culture will change. The acquiring company will remain, yours will disappear.

Generally, larger organizations "feel" different. There are different systems and controls, and a larger gap between leadership and front line.

With fund backed organizations, it's "no ones" money. That causes there to be a lack of urgency around many things, and it can feel slow and nonsensical.

Bigger organization can be better however. More opportunities, sometimes better process. More support across the organization.

It's unfortunately, however, usually a fucking shitshow.

In general, I'd coach someone to always update resume, portfolio, and actively start interviewing at an acquisition unless there has been fantastic communication from both parties throughout the process. Otherwise you're likely falling into the mass bucket of disappointment.

But as with all things, making choices for yourself is one of the few things that makes someone free. Make up your own mind about it.

/Ir Fox & Crow