Yeah, the important point is that they are acquiring the team that built Mixel. Not the app itself. I doubt Etsy gives a crap about that silly app.
If your an in-demand talent like Khoi, others, why take a salary for a measly six figures (and pay income tax) when you can start an inconsequential company, get funded by one of your buddies, then get acquired by one of your buddies buddies for seven figures and only pay capital gains tax. /curmudgeonry
Definitely an acquire hire. The main news here is Khoi going to Etsy to presumably lead their mobile design team.
woah. congrats to Khoi and the others and Etsy. Interested to see how this goes :o)