4 ms·
Totally speculating here but I'd assume the company was basically out of runway and couldn't find a reasonable out so negotiated the team to google to work on s
by georgemcbay 11y ago
Totally speculating here but I'd assume the company was basically out of runway and couldn't find a reasonable out so negotiated the team to google to work on something else.
Option A: company/product dies, team is scattered. Option B: company/product dies, team remains together.
Investors fucked either way but with B at least team that works well together gets to continue to do so.
In a nutshell that's what happened when I was at chumby. Sadly the company we shifted to was terrible so there was a mass exodus anyway over the following year.
- misiti3780 11y agoit seems like a lot of money to burn through though - right?
- georgemcbay 11y agoYes, it seems like a lot of money to burn through, but as someone who only casually watches the overall startup market I've sort of lost the ability to be surprised when a startup burns through a ridiculous amount of money in a very short time, so it still seems like a plausible thing to me, though I'll reiterate I have no actual knowledge of what happened in this case.