Comment Be Practical, consider what the money will buy you (Score 1) 412
Speaking from the experience of an idealist -- Be Practical.
Think of the long term. If you are a person or group who has good ideas, you will have more (many more). If you can be organized and motivated enough to produce good working products, you can do that again.
What *IS* hard to obtain is capital to start whatever biz or project you want.
If this sellout will leave you with sufficient capital to start whatever you want in the future, then TAKE IT, do a great job, and stay as long as it is good for everyone.
After that, you will have the freedom to decide what to do next. That is truly valuable. I'm taking advantage of it now -- built and sold one good company, and now really enjoying starting a completely different business, which is acually more fun!
OTOH, if it is just a buyout into a cushy corporate job, then either turn it down, or raise the price until it is high enough to buy your freedom.
If you do decide to do it, get the best terms and get a really GOOD lawyer on your side, and make the contract solid. Decide what you REALLY need (not just what you want), and stick to that, and try to get some wants too. Be creative, and flexible, and if they meet it, great. If not, move on.
Either way you decide, move forward without second-guessing yourselves.
Enjoy it, and Good Luck!