4 ms·
Maybe he knew that he was going to get bankrupt soon and tried to bluff and scare you into accepting his acquisition offer, so he would get your technology on f
by S4M 11y ago
Maybe he knew that he was going to get bankrupt soon and tried to bluff and scare you into accepting his acquisition offer, so he would get your technology on favorable terms and look good to his investors.
- jacquesm 11y agoThey were not about to go bankrupt at that point (they never did, they blew through a very large amount of money in no time flat, then this guy got thrown out, a more seasoned CEO was attracted who concluded after a serious rescue attempt that it was pointless). So any kind of existential threat probably was still over the horizon at that point, they never actually went bust they simply shut down.