"That product saw little adoption due to privacy concerns about privacy, and pretty much languished." - A professional writer
Getting rid of editors happened at the same time as shorter deadlines. I'm sympathetic.
Marissa Mayer will close her old AI startup, sell assets to her new AI startup
31–40 of 117 posts
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#32"due to privacy concerns about privacy" This strikes me as a particularly funny typo
"In hindsight, the ad slogan 'Sunshine on your privacy' was a little too obvious, even for modern consumers. Let's Dazzle them with the next shiny thing instead."
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#33Earlier quoted context omitted.
Clean cap table is quite valuable.
Valuable to new investors. Old investors get hosed. I really struggle with these sorts of situations. She’s presumably doing something similar with the new company so all the old investors who didn’t participate (presuming a pay to play) get hosed. Is that really fair?
Given that her old company basically pissed away $20 million, what kind of idiot would be willing to invest in her new company?
And should those idiots be avoided, as well?
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#34Time to load up the Marissa laugh loop on YT while reading this
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#35This person has a history of failures venturing on their own.
A history of failures period. She surfed google's wave of success before proving conclusively at yahoo that it couldnt have had anything to do with her.
This is a description of the entire SaaS startup ecosystem; surfed on ZIRP but so so many AWS configurators are 100% convinced their deep memorization of syntax structures and git pull were real value creation
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#36"That product saw little adoption due to privacy concerns about privacy, and pretty much languished." - A professional writer
Ironically, an AI would write a better sentence than this professional writer.
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#37"Slorp is now BONTO!"
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#38This person has a history of failures venturing on their own.
How she gets any investment going anymore is a great mystery.
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#39"That product saw little adoption due to privacy concerns about privacy, and pretty much languished." - A professional writer
Typos and grammatical errors are common in journalism nowadays, even with formerly respected organizations like APNews.
I think it boils down to you get what you pay for. If information is free, it will become same as noise.
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#40"Former Yahoo CEO Marissa Meyer is closing the doors on her consumer software startup Sunshine, and is selling the company’s assets to her new AI startup, Dazzle" and "all of Sunshine’s employees will move to the new company". Under what conditions is it better to buy the assets and hire the employees instead of just change the name and product offering of the company? Is it just to get the investors off the cap tabl…
Liabilities don’t transfer, Corporate structure doesn’t transfer, and as you point out investors don’t either.
Soft liabilities may be significant. For example here we are talking about the move. The headline “Sunshine launches Dazzle” is about a failing company and we wouldn’t be talking about it on the HN front page.
And if you are adequately capitalized (you probably are not), starting a new company is an easy business decision. And if you are a serial entrepreneur, starting new companies is what you do.