4 ms·
Ok so it seems a lot of people are eager to call out Arrington for being foolish here.. Hindsight is 20/20 and while it's clear TC and friends made some key mis
by fjabre 17y ago
Ok so it seems a lot of people are eager to call out Arrington for being foolish here.. Hindsight is 20/20 and while it's clear TC and friends made some key mistakes let's not burn them at the cross like so many in this forum are doing..
I'm working in a startup with a Neurologist who has an appointment at Harvard and an MBA - no doubt he's a smart guy. Nevertheless that didn't really matter a few years ago when our startup was taken to the cleaners by cons.. With the best of intentions we planned a strategic partnership with a medical device company only to find out that several months later we were deliberately being led on and lied to by the CEO of said company while they worked on stealing and implementing our ideas and cutting us out of the deal..
We thought about a lawsuit but we just didn't have the funds to go through with it.. In the end it worked out for us because we had already had some successful partnerships with other device companies which kept us afloat. Also, the company who stole our ideas failed miserably..
Is it really too much to ask that everyone pointing/shaking their finger at TC and Arrington to give them the benefit of the doubt..? It's pretty obvious if you believe what he's saying about Fusion Garage and Chandra that these guys are accomplished liars.. It's a tough lesson to learn and I for one applaud Arrington for being open and transparent in this whole ordeal.. I'm sure this has been embarrassing enough for him and the TC team..
- jonknee 17y agoI shed no tears when a lawyer doesn't think to make a contract and gets burned. How many times has he been on the other side skewering people who did the same thing?
- rbanffy 17y agoWell... Not only he didn't get that much burned, he is suing Fusion Garage out of existence. And, unless most of the article is correct, he is also slandering them pretty bad.
- jonknee 17y agoFiling gets you nothing, he has to win the suit which will be really tricky because he didn't spell it out on paper first. Even then what does he have? Less money and no product. Not to mention looking extraordinarily incompetent in front of the public. Simply having a contract in place would have made this cut and dry.
- rbanffy 17y agoFiling may get them nothing, but he can get an injunction that prevents FG from launching the product and thus getting funding for a coming legal battle. I bet the shortage of money would make them more amenable to Arrington's allegations of who owns the IP... Looks increasingly like MA found some company who could develop a product and that could be bullied out of the deal when it's ready to be taken away.
- cma 17y agoIt isn't likely that he didn't think to make a contract. More like he wanted better terms and thought he could jerk them around, and they thought the same thing. In the end they both win a dead product.
- deleted 17y ago[deleted]
- gamble 17y agoThe reaction has less to do with the Crunchpad, and a lot more to do with Arrington's peculiar ability to enrage the startup crowd. He has his issues, but the real bone of contention seems to be the amount of power some people feel he wields over their companies. The Crunchpad's bizarre demise is just an opportunity to enjoy some schadenfreude at his expense.
- jsz0 17y agoArrington and TC point fingers and pre-judge things on a daily basis. I think people are enjoying the roles being reversed. It seems both sides have some major inconsistencies in their stories and both have bad reputations in certain circles. It seems likely to me that both parties involved did some shady things so anyone striving to find a classic right vs. wrong story here is likely to be disappointed.