The Undertakers of Silicon Valley (2018)
logicmag.io
The Undertakers of Silicon Valley (2018)
1–10 of 17 posts
Re: The Undertakers of Silicon Valley (2018)
#2Interesting article, however you can tell that the author was definitely trying to up their word count. It is probably about 4-5x as long as it needs to be.
Re: The Undertakers of Silicon Valley (2018)
#3I wish it had more details on the company liquidations. Like I'm curious - what did the unfortunate Pets.com shareholders eventually receive? How long did it take? Which assets were sold, which were just trashed? Any interesting fights with shareholders/bondholders? Book values of startups (including long running but still rather poor startups like Tesla or Uber) are usually very low.
Re: The Undertakers of Silicon Valley (2018)
#4Interesting one
Re: The Undertakers of Silicon Valley (2018)
#5Why does it say that Pebble Tech is a failed company? I thought it was aquired by Fitbit?
Re: The Undertakers of Silicon Valley (2018)
#6Why does it say that Pebble Tech is a failed company? I thought it was aquired by Fitbit?
Because they went bust. Only then Fitbit bought what they deemed valuable.
Re: The Undertakers of Silicon Valley (2018)
#7I wish it had more details on the company liquidations. Like I'm curious - what did the unfortunate Pets.com shareholders eventually receive? How long did it take? Which assets were sold, which were just trashed? Any interesting fights with shareholders/bondholders? Book values of startups (including long running but still rather poor startups like Tesla or Uber) are usually very low.
I was a 3dFX shareholder when their fortunes turned, and they were "acquired" by nVidia. Or at least just their IP assets were. As a regular shareholder, I got nothing- no payout, no nVidia shares. My modest investment became worthless nearly overnight. Somebody made money on this deal- it wasn't me, and it wasn't put up for shareholder vote.
Re: The Undertakers of Silicon Valley (2018)
#8[deleted]
Re: The Undertakers of Silicon Valley (2018)
#9I wish it had more details on the company liquidations. Like I'm curious - what did the unfortunate Pets.com shareholders eventually receive? How long did it take? Which assets were sold, which were just trashed? Any interesting fights with shareholders/bondholders? Book values of startups (including long running but still rather poor startups like Tesla or Uber) are usually very low.
I was a 3dFX shareholder when their fortunes turned, and they were "acquired" by nVidia. Or at least just their IP assets were. As a regular shareholder, I got nothing- no payout, no nVidia shares. My modest investment became worthless nearly overnight. Somebody made money on this deal- it wasn't me, and it wasn't put up for shareholder vote.
Probably the funds from the acquisition did not even clear the debt on the cap table, and thereby did not leave any money for equity shareholders like you
Re: The Undertakers of Silicon Valley (2018)
#10Why does it say that Pebble Tech is a failed company? I thought it was aquired by Fitbit?
https://investor.fitbit.com/press/press-releases/press-relea...
Fitbit didn't acquire Pebble; they acquired some assets from Pebble.
The corporate entity Pebble still existed, with all the liabilities left on the balance sheet, and someone had to wind it down.