"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.
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Marissa Mayer will close her old AI startup, sell assets to her new AI startup
61–70 of 117 posts
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#62"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.
Makes sense, lack of editors is why all my essays in high school weren’t any good either
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#63"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…
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Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#64"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.
The article also misspelled her last name.
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#65Earlier quoted context omitted.
Ostensibly, it is in what you left out of your question? If you can buy the assets, specifically, you can not buy the liabilities. Obviously, getting some people off of obligation lists is one of them. There could be others?
Is it not illegal in the US to break up a company to isolate liabilities?
This is why I said ostensibly. I think it should be assumed the financial parts were done on the up and up. Such that disclosures and such can waive a lot of the concerns that would make it illegal.
There are non-financial liabilities, as well.
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#66Earlier quoted context omitted.
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?
According to Gemini:
Norwest Venture Partners: A venture capital firm that invested in Sunshine.
Felicis Partners: A venture capital firm that also backed Sunshine.
Ron Conway's SV Angel: An early-stage venture fund that invested in Sunshine.
Archetype Agency: A public relations firm that was a Sunshine shareholder.
This time it will different;)
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#67The eternal sunshine of the spotless start-up.
Mayer's track record is good enough that she's able to attract new investors easily enough but I wonder if they actually expect a return or if they see it as a lottery ticket.
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#68Earlier quoted context omitted.
Ostensibly, it is in what you left out of your question? If you can buy the assets, specifically, you can not buy the liabilities. Obviously, getting some people off of obligation lists is one of them. There could be others?
Indeed; and when you don't want the brand it's even more ideal. We saw a few months ago an example of the "new company" buying the brand and the assets but not the liabilities, including some suckers who bought "lifetime" subscriptions[1] from the old owners that they allegedly didn't even disclose, and which legally speaking weren't the liability of this random unrelated company which just bought the assets and the…
Publisher's Clearing House went through bankruptcy and stopped paying "lifetime" annuities from before reorganization.
https://apnews.com/article/publishers-clearing-house-bankrup...
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#69The eternal sunshine of the spotless start-up. Mayer's track record is good enough that she's able to attract new investors easily enough but I wonder if they actually expect a return or if they see it as a lottery ticket.
The Adam Neumann-effect. Wasting alot of investor money indicates that you got the know how to do it again.
I mean it is a hard to make people give you other peoples money which is worth investing in.
Re: Marissa Mayer will close her old AI startup, sell assets to her new AI startup
#70"That product saw little adoption due to privacy concerns about privacy, and pretty much languished." - A professional writer
Why can't "AI" be used to fix such errors
Unless this grammatical error is extremely common, LLMs should make this an easy one to detect (relatively low probability of next token)
Why not use "AI" to fix human error (like this one, presumably) instead of expecting people to fix "AI" output