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I'm curious how a failed startups can liquidate IP, since I've seen startups go under with "secret sauce" code that could've been a whole new startup... but ass
by neilv 2y ago
I'm curious how a failed startups can liquidate IP, since I've seen startups go under with "secret sauce" code that could've been a whole new startup... but assets are sold for a token amount of money to someone who presumably had no idea what they own, since it's never heard from again.
(Sorta like when an app startup builds an enabling piece of infrastructure tech, and realizes that's more golden than their original idea, so they pivot to B2B that tech to other startups and/or enterprises. Only sometimes the company is liquidated before that pivot or open sourcing.)
- gumby 2y agoits not uncommon for the founder to buy the IP out of bankruptcy for some token amount, since the technical ip of a filed company is pretty much unusable by anyone who doesn’t know the code base. I’ve never seen such a company successfully revive, though some get close (for example Tilt5 is selling hardware and doing some interesting license deals, so could make it).