Why do we glorify raising money instead of congratulating companies for successful, profitable business models?
There is no way that I would depend on a closed source solution from a company with no proven business model.
Let me take that back. When I was a dev lead where our company made up 60% of our vendors revenue, we refused to sign a contract with them until they agreed to put their code in escrow and under certain conditions we had a right to their code.
Putting the code in escrow with a third party like Iron Mountain doesn’t give you access to the code unless the company folds or the product is discontinued.
I’ve been on the other side at another company where we were forced to put our own code in escrow by a large customer. I suggested we do the same for this vendor to our director he had the lawyers do everything else.
In fact when I was on the other side, our company did go out of business (got acquired for scraps), the escrow conditions were triggered, I was laid off as soon as we got acquired and went to work for the customer as a decently paid contractor.
Comments
Why do we glorify raising money instead of congratulating companies for successful, profitable business models?
There is no way that I would depend on a closed source solution from a company with no proven business model.
Let me take that back. When I was a dev lead where our company made up 60% of our vendors revenue, we refused to sign a contract with them until they agreed to put their code in escrow and under certain conditions we had a right to their code.
Did they agree to that?
Yes.
Putting the code in escrow with a third party like Iron Mountain doesn’t give you access to the code unless the company folds or the product is discontinued.
I’ve been on the other side at another company where we were forced to put our own code in escrow by a large customer. I suggested we do the same for this vendor to our director he had the lawyers do everything else.
In fact when I was on the other side, our company did go out of business (got acquired for scraps), the escrow conditions were triggered, I was laid off as soon as we got acquired and went to work for the customer as a decently paid contractor.