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Weird that anyone would acquire anything for <$5K; I would have thought that sensibly taking on any kind of going concern or project would require too much in t
by glangdale 5y ago
Weird that anyone would acquire anything for <$5K; I would have thought that sensibly taking on any kind of going concern or project would require too much in the way of legal expenses to make it worth it.
Maybe I have an exaggerated notion of this after having been part of an 8-figure exit to an S&P 100 company, but I would figure you take on anything like this you're potentially buying something with an imminent lawsuit, patent infringement problem, etc. unless you do due diligence, but that said due diligence would be ridiculously expensive relative to the $ involved.
Do they provide any help with this issue, or are they a no-legals as well as a no-code startup?
- robryan 5y agoThose issues though generally scale with the amount of money your company is making. The likely worst case is shutting down and being out the $5k.
- glangdale 5y agoMostly, but there are legal actions one could stumble into where $5K is pocket change. These typically 'downscale' but they don't necessarily downscale all the way.