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.
>
wrt this....

http://www.regdeveloper.co.uk/2006/03/23/borland_nielsen_tools_investor/

"Borland's chief executive has stressed his company's commitment to
developers, by promising to pass the soon-to-be divested tools business to
a "caring" investor."

"Nielsen told the annual EclipseCon show in Santa Clara: "Its my
commitment to find an investor who will invest in the business and drive it
forward. I'm not looking for someone who is a Lex Luthor or the Evil Empire
who will destroy the business. That's going to reflect badly on
Borland.""

Adam

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