Runscope acquisition falls through
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Runscope acquisition falls through
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Re: Runscope acquisition falls through
#2The good news from this announcement is that they aren't shutting the service down, as their costs have now fallen enough that they are cash flow positive.
Prior discussion on HN about a $6 million Series A, raised two years ago:
Re: Runscope acquisition falls through
#3Fortunately, unlike many other startups that we read about on here that bite the dust, you can actually pay for Runscope. Which I do. I think they have a bright future as a sustainable company.
Re: Runscope acquisition falls through
#4Good luck to you and hope you get another offer that will resurrect your company to full staff
Re: Runscope acquisition falls through
#5This post is getting more attention then intended but I'll be back later tonight after my hockey game to answer any questions.
I do just want to state unequivocally that we do not intend to shut down, we're still growing and are as sustainable as ever. Customers don't need to worry about us disappearing.
Re: Runscope acquisition falls through
#6I appreciate the absolute heart-on-sleeve but you're not in "post mortem" mode, you're in transition mode!
Your message - from the first sentence to choosing "default dead" in telling the story reads negative.
Same message, different delivery:
"First the good news - Runscope is now cash flow positive and in it for the long-haul!
In other words we're "Default Alive"* and even though the road getting there has been bumpy, we're more committed than ever.
We're even moving our core team back to sunny Minnesota to continue managing costs and expand our team more sustainably."
- - - -
I have huge respect for what you are going through and wordsmithing at this critical stage when customers are thinking "What the fuck is going on at RunScape" will have an impact on your business.
Stay positive and upbeat publicly, especially when you have a positive message to deliver!
Re: Runscope acquisition falls through
#7This post is getting more attention then intended but I'll be back later tonight after my hockey game to answer any questions. I do just want to state unequivocally that we do not intend to shut down, we're still growing and are as sustainable as ever. Customers don't need to worry about us disappearing.
"As sustainable as ever" might not be the best way to phrase things, given that the previous state was in your own words "a long way from self-sustaining".
Re: Runscope acquisition falls through
#8"Without a team—soon to be without an office—our ongoing expenditures are now minimal. This makes the company cash-flow positive."
Congrats on becoming cash-flow positive! Sounds like you are making a lot of good decisions which will hopefully put you and your family in a much better place.
Re: Runscope acquisition falls through
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Re: Runscope acquisition falls through
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