My company was purchased/absorbed by a much larger corporation because we were better than them in certain areas.
If you can't beat 'em, buy 'em out.
They initially were going to let the founder stay on as Sales Director but when the merger went into full effect, they canned him in about a week.
Not like he's in a bad spot. He sold the company and the app for millions, but still sucks to not have him around to have our backs.
My new boss is someone's son, but he at least has tons of credibility in the sales world. He helped start Vivint Smart Home with his dad's money, so he knows how to run and grow a start-up.