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Pretty sensationalist title for used furniture arbitrage. I was hoping for some insight on capture and disposition of IP. I would think failing gracefully inv
by w10-1 2y ago
Pretty sensationalist title for used furniture arbitrage.
I was hoping for some insight on capture and disposition of IP.
I would think failing gracefully involves reaching out to competitors (and customers and suppliers) for "mergers" so investors get some of the value of the company -- without somehow signaling that you're giving up (and can no longer be relied upon). What's the state of the art in that respect? It seems like a fantastically tricky process, which would mean high value for skilled practitioners.
(OTW (ahem) valuable employee stock goes to zero.)
- SOLAR_FIELDS 2y agoIt’s also not really a bay era specific phenomenon here. Any reasonably sized city has a retailer that buys up used office stock for whatever reason at auction and resells it. And it’s not just “failed companies”, anytime a company upgrades its furniture it usually liquidates in a similar fashion.
- ghaff 2y agoYeah. For a company going under, probably selling off furniture piecemeal is somewhere near the bottom of their priority list. There are companies specializing in this sort of thing. Unless you're will to do this for free at a startup, that probably isn't a good priority.
- m463 2y agoI don't know, silicon valley has had some interesting things for sale. the pictures in this article aren't particularly compelling though. I remember in the post-internet-bubble seeing almost-new aeron chairs sold in huge quantities. Now it is less of a big deal. The aeron chairs are less iconic nowadays. When Weird Stuff Warehouse was still around, it was like computer geology viewing the strata. You could go deeper into the store and back in time to see expensive machines of a decade ago sold for nothing. I remember thinking - that server would make a good end table conversation piece! I also remember them selling brightly colored silicon graphics workstations.
- iancmceachern 2y agoLike in any other business, anywhere else, there are companies who handle liquidating their assets. They have regular auctions. I've bought a ton of great equipment for my business from them. They have an online auction, you bid and win, if you win you go (often to the failed startup itself) and pick up yoir stuff at a predetermined meeting time. They often have very weird, very specific tech startup things like biotechnology lab equipment, etc. for much discounted prices.
- deleted 2y ago[deleted]