Last.fm founders quit

#1

Post by dsingleton » Wed, Jun 10, 2009, 2:52 PM UTC

Re: Last.fm founders quit

#2

Post by Jem » Wed, Jun 10, 2009, 3:01 PM UTC

I am not normally a conspiracy theorist, but the first thing that crossed my mind was the whole crappy drama with techcrunch.

Have the founders discovered that there was a data leak - and, given their opinions on the matter - decided it better to quit than work with whoever made it happen?

I hope not (edit: because I was rooting for last.fm, not because I want it to be true).

Re: Last.fm founders quit

#3

Post by dsingleton » Wed, Jun 10, 2009, 3:03 PM UTC

Jem wrote: post #2

I am not normally a conspiracy theorist, but the first thing that crossed my mind was the whole crappy drama with techcrunch. Have the founders discovered that there was a data leak - and, given their opinions on the matter - decided it better to quit than work with whoever made it happen? I hope not (edit: because I was rooting for last.fm, not because I want it to be true).

I would say given the constraints on founders being tied to their companies, the turnaround for leaving is far greater than the length of the TC debacle.

(I work here, and have had no indication that the TC allegations are true)

Re: Last.fm founders quit

#4

Post by physcab » Wed, Jun 10, 2009, 3:04 PM UTC

Jem wrote: post #2

I am not normally a conspiracy theorist, but the first thing that crossed my mind was the whole crappy drama with techcrunch. Have the founders discovered that there was a data leak - and, given their opinions on the matter - decided it better to quit than work with whoever made it happen? I hope not (edit: because I was rooting for last.fm, not because I want it to be true).

I agree. It's certainly a convenient time to leave the company.

Re: Last.fm founders quit

#5

Post by ivankirigin » Wed, Jun 10, 2009, 3:06 PM UTC

I wonder if they are essentially saying "since our stock is finished vesting over the last 2 years..."

They might have wanted to leave for some time.

edit: It's really close to the exact 2 year mark http://www.crunchbase.com/company/last-fm

Re: Last.fm founders quit

#6

Post by maukdaddy » Wed, Jun 10, 2009, 3:06 PM UTC

2 years...about the right time for bonus, retention payments, options, etc. to vest.

Re: Last.fm founders quit

#7

Post by axod » Wed, Jun 10, 2009, 3:07 PM UTC

2 years seems a good average length to endure big-corp life. Wonder if there's some more data on this somewhere.

Re: Last.fm founders quit

#8

Post by Jem » Wed, Jun 10, 2009, 3:09 PM UTC

dsingleton wrote: post #3

Jem wrote: post #2

I am not normally a conspiracy theorist, but the first thing that crossed my mind was the whole crappy drama with techcrunch. Have the founders discovered that there was a data leak - and, given their opinions on the matter - decided it better to quit than work with whoever made it happen? I hope not (edit: because I was rooting for last.fm, not because I want it to be true).

I would say given the constraints on founders being tied to their companies, the turnaround for leaving is far greater than the length of the TC debacle. (I work here, and have had no indication that the TC allegations are true)

Thanks for the insight :) (partic. about founder constraints - no experience in that myself!)

Re: Last.fm founders quit

#9

Post by mapleoin » Wed, Jun 10, 2009, 3:28 PM UTC

In an open world, http://libre.fm shows promise.

Re: Last.fm founders quit

#10

Post by TrevorJ » Wed, Jun 10, 2009, 3:41 PM UTC

I don't think there should be undue stigma or speculation when founders move on. The type of person who can cast a vision that brings a company to this point isn't always (or rarely is) the same person who will thrive on the task of maintaining a company once it reaches, or nearly reaches the founder's original vision for it. There is nothing wrong with finding the most opportune moment to bow out, provided you aren't screwing over anyone else.