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On the flip side asset deals also let acquisitions proceed that would otherwise be blocked due to uncertainty about liability, which is another way of saying th
by hodgesrm 8y ago
On the flip side asset deals also let acquisitions proceed that would otherwise be blocked due to uncertainty about liability, which is another way of saying that the acquirer can't properly assess value of the investment. I have been through this process and have some experience with the type of issues that can arise--in our case they had nothing to do with screwing customers. It's possible Smyte would have just disappeared anyway.
Moreover recovering damages in this kind of case is time-consuming, doubtful, and too late to fix anything. (Like closing the door after the horse is gone.)
What's left is reputation--the names of the founders of Smyte are listed at https://www.crunchbase.com/organization/smyte https://www.crunchbase.com/organization/smyte. I would have some pretty hard questions if they ever showed up in a deal or looking for work.
p.s., According to the Techcrunch page "Smyte stops bad actors on marketplaces and social networks." You can't make this stuff up.