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echo: barktopus
to: Tony Williams
from: Adam
date: 2006-03-23 23:19:46
subject: Re: Holy software business batman!

From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">

Tony Williams wrote:
> Adam > wrote:
>
>>
>> Remember that one of the main rules of an investor (usually though I
>> know not yours) is "first fire the founder".
>
>
> Yup. I've been on the wrong side of (a variation on) that one. Long
> story short, I was lead developer and on the board of a small software
> house. As soon as we had a shipping product the main investors managed
> to shut down the development company and transfer all the IP to another
> company which was waiting in the wings. Very slickly engineered and
> nothing we could do about it.
>

Indeed. An investor's business is investing not in software, genomics, or
anything other than investing.

Adam

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