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Last.fm founders quit

blog.last.fm

11–20 of 39 posts

Re: Last.fm founders quit

#11

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

Didn't pg just say that being in a startup is like being repeatedly punched in the face, but being in a big company is like being waterboarded?

Re: Last.fm founders quit

#14

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

Didn't pg just say that being in a startup is like being repeatedly punched in the face, but being in a big company is like being waterboarded?

I think that was in the context of leaving a big company to start a startup.

Joining a big company after your startup is acquired is a bit different dynamic. Maybe it can be likened to opium. I've never tried opium, nor sold a company.

But it must feel good, with obviously bad and brewing side effects.

Re: Last.fm founders quit

#15
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).

all 3 founders leave at the same time, only two years after being acquired? there is more to this than simply leaving to do other things. founders of sites like last.fm don't just let their babies go so easily, acquisition or not (think myspace, facebook, bebo, etc.)

I would say that it is connected to the RIAA drama and CBS sending them user info. If they resigned because of that, then full props to them (they just owe TC one big apology).

If the data sharing with the RIAA did happen and they didn't resign - then shame on them.

Re: Last.fm founders quit

#16
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).

all 3 founders leave at the same time, only two years after being acquired? there is more to this than simply leaving to do other things. founders of sites like last.fm don't just let their babies go so easily, acquisition or not (think myspace, facebook, bebo, etc.) I would say that it is connected to the RIAA drama and CBS sending them user info. If they resigned because of that, then full props to them (they just…

I don't think all 3 leaving at the same time means anything. One would assume that they're probably great friends, and feel that their combined effort in a new project (when the time comes) is better than 1 or 2 going separate ways.

That's how I see it, anyway.

Re: Last.fm founders quit

#17
Well, if they all left at the same time, I really hope they are working on something new. It's interesting that Felix, RJ and Martin were actually the original team (I thought at first that they were just part of the original team): http://www.last.fm/about/team so I'm looking forward to see a new startup from them.

Re: Last.fm founders quit

#19
post #10

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'…

There's plenty of fuel for speculation in this particular case! There is the open question of whether Last.fm/CBS handed user data to the RIAA (covered at http://www.techcrunch.com/2009/05/22/deny-this-lastfm/). Fast forward a month from that article (which alleges the CBS overlords did it unilaterally, then asked Last.fm to lie about it), and all three founders are looking to cash out ASAP. Conveniently, this is the two year point of the acquisition, which is likely the end of the vesting/retention period for the founders. That is due speculation.

Re: Last.fm founders quit

#20
As a founder when (if ever) do you pass over control of a business you started?

That's a hard question to answer. Obviously it depends on what your goals were initially (build something, make some cash) and whether or not you've met them.

After building and selling a business what do you do next? Build another business and sell it? Or perhaps build a business, and keep on building it for the rest of your working days? Is that what twitter is up to? EV sold blogger a while back.

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