3 ms·
> what if in addition to privacy policy and terms documents, each online property has an acquisition term > It might be a nice payday for the founders but it
by nonrandomstring 4y ago
> what if in addition to privacy policy and terms documents, each
online property has an acquisition term
> It might be a nice payday for the founders but it's terrible for the
business environment.
At the founding stage we tend to choose from highly quantised "types"
of company, usually from a boilerplate legal template; limited
liability, independent trading company, partnership, charity,
non-profit and suchlike. I am no expert in company law, but as far as
I know, at least in the UK, "Articles of Incorporation" (the charter
of the company) can be almost anything that's legal.
Hence I've long been of the opinion that founders should build-in
"non-acquisition" clauses, making it impossible for predators to
simply scoop up a promising company, perhaps for some fixed period
like 10 or 20 years. That would solve some of the issues under
discussion here. It would also change the ecology and motivations
within which companies are created, grown and invested in.
- bryanrasmussen 4y ago>Hence I've long been of the opinion that founders should build-in "non-acquisition" clauses, making it impossible for predators to simply scoop up a promising company This sounds good and all, and I would be tempted to do it, but a non-acquisition clause does not prevent the big companies from cloning you either.