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They did a good job by being honest and I think it is probably a great idea to get out of the online job recruitment sector. I just wish they would have read o
by sjsivak 17y ago
They did a good job by being honest and I think it is probably a great idea to get out of the online job recruitment sector.
I just wish they would have read over that goodbye note, or at least spell checked it.
- benatkin 17y agoIt would be nice if they switched course without announcing they're going out of business. Reminds me of this: http://www.paulgraham.com/die.html http://www.paulgraham.com/die.html AppJet did a good job following that advice IMO, but Heroku takes the cake. They didn't just change direction. They kept the old product alive, too. Edit: I was wrong. AppJet kept some of their old stuff around, too! I can't wait to check it out. http://appjet.com/dev-archive.html http://appjet.com/dev-archive.html
- jacquesm 17y agoAccording to the letter they already switched course and it didn't work out.
- ashishk 17y agoSome term sheets may not allow you to drastically switch course. I'm guessing this is more likely the larger the round. Either way, the right thing to do is to give the investors the option to cash out.