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It sounds like they didn't have a viable business model, so they're starting a new company to get rid of any ties the old had. Maybe there's VC money coming in
by NetStrikeForce 10y ago
It sounds like they didn't have a viable business model, so they're starting a new company to get rid of any ties the old had.
Maybe there's VC money coming in and this is a requirement to be able to be sold later... Who knows? :)
- fbartels 10y agoyou mean even more vc, than there was already in the old inc.?
- NetStrikeForce 10y agoApparently not. I stand corrected! :)
- evook 10y agoBased on what I heared from someone involved, it's actually the opposite. They don't want VC money to come in and loose theirs influence in the decision making.
- majewsky 10y agoI'd guess the same. The new company is a GmbH (German version of a "Ltd." AFAIK), not a stock corporation. See also https://en.wikipedia.org/wiki/Gesellschaft_mit_beschränkter_Haftung https://en.wikipedia.org/wiki/Gesellschaft_mit_beschränkter_...
- stp-ip 10y agoThere doesn't seem to be VC money involved with nextcloud. Spreed.com/me is funding the transition and stock will focus on being owned by employees it seems.
- teekert 10y agoIt sounds more like a (more) viable (or maybe, more profitable) business model went against the founders/tech-experts ideals and a collision occurred. I think it is very mature of Frank not to speak out on the issue while still in a probably somewhat emotional state about it. I'm curious what comes out when the dust settles, a statement from people left at ownCloud would be very nice and appropriate...