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I wonder if there's a way to do something similar but with a deadman's switch. Escrow is a great solution, but kind of expensive. On another point: > in the u
by travisjungroth 4y ago
I wonder if there's a way to do something similar but with a deadman's switch. Escrow is a great solution, but kind of expensive.
On another point:
> in the unlikely event that we become unable to continue to service our customers
Maybe there's a second condition I'm missing here, but becoming unable to continue to service your customers is an incredibly likely event. The only alternatives are losing every single customer or existing as a business until the end of time. I'd put the probability of losing every customer as < 1/100 and of continuing until the end of time at 0. So 99% that this is the outcome. Again, maybe some alternative I'm missing.
- electroly 4y ago"Losing every single customer" doesn't have to be as dramatic or unlikely as you make it sound. Consider the possibility that they could introduce a new product that supersedes the current one and they stop adding new features to the old product, and all customers eventually switch over. The old product has lost all of its customers, but it's just because they switched products. The escrow deal here is for the specific product, Dyalog APL. It wouldn't cover Dyalog NewThing. In this situation, the escrow never pays out.
- travisjungroth 4y agoI wasn't talking about the payout, but about the quote.