4 ms·
Why didn't they just go direct to SRI? I'm guessing summly got a good lisencing deal.
by UK-AL 14y ago
Why didn't they just go direct to SRI? I'm guessing summly got a good lisencing deal.
- jfb 14y agoA better deal than Yahoo! could've gotten? That doesn't smell right to me.
- jfb 14y agoAlso, if it is true that a) Summly got a better deal than Yahoo! could've; and b) that those terms were transferrable in the case of a change of ownership ... well, some poor dumb bastard at SRI legal is probably having a very bad month.
- nilkn 14y agoI'm confused on how summly would have gotten a better licensing deal than Yahoo! could have managed. [Honest question.]
- kd0amg 14y agoPlain old price discrimination? I wouldn't expect SRI to try to get a Yahoo-sized license fee out of some tiny startup.
- jeffgreco 14y agoSure, but would a tiny startup get exclusive rights?
- sks 14y agoMaybe they got an exclusive license when yahoo wasn't event remotely interested in the tech. Just a guess.
- gojomo 14y agoReading between the lines, I'm guessing Yahoo really liked the SRI tech (perhaps also with some of the additions made by Summly). They wanted to exclusively lock it up. If Yahoo had gone just to SRI, a competitor could have bought Summly... and Summly may have had, as part of SRI's stake, a perpetual and transferable license that Yahoo didn't want falling into any other acquirer's hands.
- brackin 14y agoI think Summly was really started by SRI or at least co-founded by them and then the exec team was brought on to run it. They created the tech, put Nick as the CEO/face of the company as he had previously built/outsourced Trimit & tried to build a consumer startup on it. There seems to be very little distinction between SRI and Summly.
- UK-AL 14y agoI think Trimmit originally received investment from a hong Kong vc. Then seeked out sri to improve the product at which point they got deeply involved. I don't think sri seeked out trimmit.