Worked at a dotcom which ran out of funding after Series A. After all the staff got laid off, the email list, domain, brand materials, and web content were all transferred to the lead investor of the Series A.
Not sure if they were just “first in line” for it all, or if they passed anything on to minority investors.
It probably comes down to who has how much equity in the business, and what the terms say. It is essentially a bankruptcy so it could end up in court I guess, but typically the value is so low compared to the investment that it’s not worth any lawyer time.
And if it’s not in court, there’s really no vector for public visibility. If you’re interested in a particular company you will need to do some detective work to find out who still has what.
"Where technology goes to die" was the verbatim description I'd heard of it directly from someone whose former startup had been acquired by them. That's a reasonably widely-held reputation:
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Worked at a dotcom which ran out of funding after Series A. After all the staff got laid off, the email list, domain, brand materials, and web content were all transferred to the lead investor of the Series A.
Not sure if they were just “first in line” for it all, or if they passed anything on to minority investors.
It probably comes down to who has how much equity in the business, and what the terms say. It is essentially a bankruptcy so it could end up in court I guess, but typically the value is so low compared to the investment that it’s not worth any lawyer time.
And if it’s not in court, there’s really no vector for public visibility. If you’re interested in a particular company you will need to do some detective work to find out who still has what.
Feels like there’s an opportunity there for a business that will maximise dead tech startup IP
That used to be Computer Associates, now CA Technologies, owned by Broadcom:
<https://en.wikipedia.org/wiki/CA_Technologies>
"Where technology goes to die" was the verbatim description I'd heard of it directly from someone whose former startup had been acquired by them. That's a reasonably widely-held reputation:
<https://www.theregister.com/2018/07/12/broadcom_ca_technolog...>
Funny because Broadcom is where IP goes to die in general lololol.
It does seem a poetic fit.