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What to do with everything that we created if the startup no longer exists?
Over the past two years, our team has spent a really long time writing code and developing infrastructure for our project. But due to problems with investments, our company stopped working. What can we do with everything we have created? Are there platforms where we can try to sell it to other teams? Or is it possible to do something else? Folks, please tell us about your experience!
- smt88 4y agoYou can sell customers/contracts, but not really code. If you're feeling generous, just open-source it. Otherwise it's a nice souvenir of the past.
- Utss 4y agoI wonder why there is no such practice of selling as any other product or part of it?
- smt88 4y agoIt's because code that failed to be profitable is worthless. It's a form of debt. You have to spend money to find engineers to work on it (and to even confirm it works in the first place). If someone said, "Hey, I built this highly customized engine for a new type of car, but it costs much more to produce than consumers are willing to pay for it," would anyone want that? If there were a way to make this code profitable, wouldn't investors have put in a small amount of money to get there? The goal of a software company is to create customers, not code. If you can build a software company with no-code and Airtable, that's better than writing an app from scratch. The key thing is the customers, and if a business doesn't have them, then the business has no value (and indeed has negative value).
- brudgers 4y agoSorry to hear things aren't working out. [random advice from the internet] The simplest thing that might work is walking away. Yes, someone might buy your software. But probably not. There's an entire Github full of free code. Turn the table, would you buy software with no support? Decades ago, I heard someone explain, other people's software is like used underpants. It's not entirely right. But not entirely wrong either. Good luck.
- Utss 4y agoIt turns out that at one moment the value simply disappears? Or maybe it's just a matter of support after the transfer of the code.
- brudgers 4y agoThe financial value of software is future cash flows. It may have other values like entertainment that lead to an end user purchase. Neither sounds like your situation. The only way to sell your software is find someone who will buy it. That’s probably more work than selling something people want.