// startup autopsy
Union Bay Networks
Networking ambitions absorbed before they could connect.
marketfitAcqui-hire
Fatal mistake: Failed to establish product-market fit before running out of runway, making acqui-hire the only viable exit.
Key Events Timeline
FOUNDING
Union Bay Networks founded to build enterprise networking software solutions.
FUNDING
Raised $1.85M seed round to develop its SDN product.
ACQUISITION ATTEMPT
Acquirer approaches Union Bay Networks, recognizing the team's engineering talent.
SHUTDOWN
Union Bay Networks absorbed via acqui-hire; product discontinued.