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> I suppose during bankruptcy someone can buy their matchmaking tech and IP and relaunch without all that debt and overhead. Seems like a good target for someon
by beckman466 5y ago
> I suppose during bankruptcy someone can buy their matchmaking tech and IP and relaunch without all that debt and overhead. Seems like a good target for someone to just run and pump cash out of as there should be a way to make money out of “market rate” * 15% fee for matchmaking.
I don't see that happening but do you have examples where that strategy has worked (in tech)?
- prepend 5y agoIridium networks [0] initially launched with lots of capital and kind of only made it after stuff was sold at bankruptcy prices. Although I don’t think they are phenomenally successful. I think there were a few dot coms that got bought out of bankruptcy by larger firms, maybe pets.com and toys.com (although toysrus is gone now). Polaroid [1] too although I think that’s more branding than technology. [0] https://en.wikipedia.org/wiki/Iridium_Communications https://en.wikipedia.org/wiki/Iridium_Communications [1]