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So they are aquiring a company composed of: 1) brand goodwill 2) customers 3) technology 4) employees Apparently the first two were not worth much and it was e
by aneth4 13y ago
So they are aquiring a company composed of:
1) brand goodwill
2) customers
3) technology
4) employees
Apparently the first two were not worth much and it was even more valuable to create significant negative reputation for Redis Cloud by damaging both. The third is clearly not useful since Redis Cloud is already the "most advanced." Employees, well, they better have a good pay package to stick around after that demoralizing hit.
We can safely put Garantia in the category of "couldn't care less about customers."
- technotony 13y agoMaybe it was just an acquihire? Must have been if they care this little about their product/customers...
- ghswa 13y agoPerhaps, but why shutdown the service so abruptly? Why not shut down the service in, say, 3 months, support MyRedis customers to migrate to Redis Cloud (or elsewhere) before moving the MyRedis personnel into their new roles. As somebody without any experience in the world of start-ups the only explanation I can come up is that MyRedis was haemoraging cash so badly that this wasn't feasible however if that is the case why would you want to hire the team? Can anybody with experience of such dealings shed some light?
- jharrison 13y agoGiving only three days and offering to assist with transfers could also point to the possibility that they really don't have that many paying customers to begin with.
- chiph 13y agoThe employees can see how the customers are being treated. I expect most of them will be moving on, negating the acquihire.
- apalmer 13y agoMy assumption is this is a buy and destroy a competitor move. Would almost make sense, except that the splash page publicaly announced who the purchasing company is.
- adrr 13y agoThey could also be buying the assets(servers).
- aneth4 13y agoThe site was updated to a somewhat better 2.5 weeks to shutdown. It now says "Not quite sure what we were thinking on that one!" How could a founder not think about what will happen to customers if they shut their servers down with three days notice? Seems like more than just not "thinking." Defies my attempts at understanding. Anyhow, hopefully no one is taken down too hard by this.