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Yahoo returns acquired startup to founders

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Re: Yahoo returns acquired startup to founders

#21

Post by pxlpshr »

The next time I'm involved in an acquisition as a founder, I'm going to negotiate clauses to reverse the acquisition based on milestones by the acquiring company. While I would like to think that this should only happen under severe circumstances that one would not usually predict, shit happens. I wasn't prepared or experienced enough to protect myself.

Talent acqhires needs to be clear and not overpromise and under deliver. There's nothing I respect more than transparency, and there's nothing I despise more than koolaid. Koolaid works for some, necessary evil for uniting a company during hard times, but not for the guys (and gals) who've been in the trenches and understand the game. Maybe this is part of the game, but who wants to go through the legal headaches to make an acquisitions and then go back to HR to find human capital replacements 1-2 years in because they got frustrated and left?...

Re: Yahoo returns acquired startup to founders

#22

Post by vampirechicken »

dools wrote: post #3
_delirium wrote: post #2

Odd sentence construction: a rockstar team ... successfully exited the company to Yahoo I assume this is trying to invoke the jargon use of "an exit", but in this context it has a garden-path reading implying that the team succeeded in quitting the company. I probably would've just said "successfully sold the company".

A somewhat more subtle example of what my friend refers to as "vouns" (ie. nouns used as verbs) - regularly "gifted" to the English speaking peoples of the world by the Americans. Although exit is of course a verb, it's use in this sentence is pretty confusing given the fact that they're undoubtedly referering to "an exit".

On behalf of intellectual Americans everywhere. You are encouraged to reject these gifts as we fight the good fight from within.

Re: Yahoo returns acquired startup to founders

#23

Post by rolandal »

tseabrooks wrote: post #20

The article doesn't make it clear; Do they get their code also? Presumably the original acquisition was of the "product" but the article REPEATEDLY points out the original founders have gained the rights to the trademark and the domain. What good is the domain without the code? They could rewrite the code from scratch. Though, that maks me wonder... If I single handedly write a piece of SW that does "X" and sell it t…

Unfortunately Yahoo is asking for a lot of money to get their code back. So right now it's just the trademark and the domain.

Re: Yahoo returns acquired startup to founders

#25

Post by _delirium »

tseabrooks wrote: post #20

The article doesn't make it clear; Do they get their code also? Presumably the original acquisition was of the "product" but the article REPEATEDLY points out the original founders have gained the rights to the trademark and the domain. What good is the domain without the code? They could rewrite the code from scratch. Though, that maks me wonder... If I single handedly write a piece of SW that does "X" and sell it t…

If I single handedly write a piece of SW that does "X" and sell it to Yahoo. Can I then make a new site / app that dose "X"?

One example that comes to mind is Miller Puckette, who wrote Max, and then a few years later wrote its main open-source competitor, Pure Data. It seems quite possible to write a clone of your own software without literally writing the same thing, especially if it's been a few years and you have some new ideas about how to do it now. My guess is that doing so would most often be sunk, if it is, by software patents or explicit clauses in the sale terms, rather than copyright.

Re: Yahoo returns acquired startup to founders

#26

Post by gruseom »

zalew wrote: post #9
monsterix wrote: post #8

Will be really great if they returned Flickr too. And come back to the acquisitions table once they've figured out their purpose! [Edited for my stale information on what they did with Delicious, last summer. Phew!]

delicious was sold over a year ago to youtube founders

delicious was sold over a year ago to youtube founders

Who, it pains me to say, proceeded to make it horribly worse and then do nothing with it.

Re: Yahoo returns acquired startup to founders

#27

Post by caseysoftware »

tseabrooks wrote: post #20

The article doesn't make it clear; Do they get their code also? Presumably the original acquisition was of the "product" but the article REPEATEDLY points out the original founders have gained the rights to the trademark and the domain. What good is the domain without the code? They could rewrite the code from scratch. Though, that maks me wonder... If I single handedly write a piece of SW that does "X" and sell it t…

"If I single handedly write a piece of SW that does "X" and sell it to Yahoo. Can I then make a new site / app that dose "X"?"

Quite often part of the purchase agreement is that you won't build a competitor to X for a certain number of years. Sometimes they go as far as not competing with the acquirer at all for that duration.

And if you use code that was included as part of the purchase, you're playing with fire.

Re: Yahoo returns acquired startup to founders

#28

Post by dpham »

tseabrooks wrote: post #20

The article doesn't make it clear; Do they get their code also? Presumably the original acquisition was of the "product" but the article REPEATEDLY points out the original founders have gained the rights to the trademark and the domain. What good is the domain without the code? They could rewrite the code from scratch. Though, that maks me wonder... If I single handedly write a piece of SW that does "X" and sell it t…

The company I work for was recently acquired. A part of the agreement for the founders, aside from having to stay with the company for 2 years, is they can't have more than 1% ownership of a competing company for that duration and up to a year after employment termination.

Re: Yahoo returns acquired startup to founders

#29

Post by joshu »

mwilcox wrote: post #12
monsterix wrote: post #8

Will be really great if they returned Flickr too. And come back to the acquisitions table once they've figured out their purpose! [Edited for my stale information on what they did with Delicious, last summer. Phew!]

Delicious was sold to the founders of YouTube last year: http://avos.com

any founders will do, they figured.
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