I can't even imagine the money wasted on turn-and-burns in the F1000 alone. The US needs a wake up call with respect to consumer / buyer protections. The life of the snake oil salesman is plentiful these days, and you have a lot of AI-psychotic executives who can't seem to get enough.
They mostly have. By mostly refraining from dealing with startups and companies they deem either “too young” or "too small" to be reliable partners. And, when they do, imposing long sales cycles.
And thus the enterprise well is poisoned for most startups.
But buyers try to insert this language into partner/ biz dev contracts all the time.
Much less common for sales.
A place I worked some years ago we even had an escrow foisted on us by our larger partner in the agreement so that they’d be able to continue running the software we were building if we went under.
Honestly, it was a pain in the ass and meant that for them alone we ended up running an older version of the software than we offered to clients because as we developed its capabilities it became ever more integrated into our core platform and we weren’t about to escrow that.
When the agreement came up for renewal at the three year mark we managed to get the escrow clauses removed.
Hadn't heard of Stainless before today. Did it have enterprise customers?
They can also keep the product running behind the scenes for a select few and just shut down the public facing part
I suspect a lot of larger orgs just have site-wide subscriptions with volume discounts that they don’t need.
Either way, it does seem irresponsible and tone deaf for an acquiring/hiring company and an acquired/hired company to send these conflicting signals. If one puts oneself out there as dependable in the face hopes and needs of other, smaller, up-and-coming projects, then a rapid wind-down for $ is incongruent with such a posture.
So much so that, at least for my part, I'd be quite reluctant to hire someone who had engaged in this sort of bob-and-weave pursuit.