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"They are now contemplating a few purchase offers. I have no control or say over this process. There’s a lot of politics. I’m a builder, not a politician and I
by kvm 5y ago
"They are now contemplating a few purchase offers. I have no control or say over this process. There’s a lot of politics. I’m a builder, not a politician and I see no point in staying on."
The investors poured ~$15m into this company, and the board is now trying to fulfill its fiduciary duty by trying to recoup some of the invested capital. I understand that open-sourcing the code base would be a better outcome for its customers. However, I am having a tough time seeing if the investors were truly political or antagonistic in any way.
- ctvo 5y agoAuthor goes on to talk about how difficult it was to raise capital, and the company being constantly undervalued. Doubtful they're only referring to this singular event.
- lann 5y agoA bit of a tangent, but board members (and company officers) do not in general have a specific duty to maximize shareholder profit. They have a duty of care (think carefully about decisions) and a duty of loyalty (act in the best interests of the company as a whole). Those could lead reasonably to a profit-maximizing decision but it isn't a straight line.
- deleted 5y ago[deleted]
- threeseed 5y agoOpen sourcing their code would be a terrible idea for the business unless they opted for a Elastic/MongoDB style license where you are prohibited from offering a cloud version of the code. Because you know AWS would be circling this news very closely for another product to add to their lineup.
- halamadrid 5y agoI think AWS already has a graph DB product. https://aws.amazon.com/neptune/ https://aws.amazon.com/neptune/