i don't know who any of those people are. is it necessary to follow this blog for a few years to know who these folks are?
and what's the take-away? what is this dire warning thing? that startups fail? that failing sucks? that VCs aim to make money? that we're supposed to see wise business decisions by potential acquirers as bad because they don't make our friends rich?
i don't get it.
AppleJacks
· 1 year ago
I agree with Peter... I don't get it. Not sure what's so cautionary about this. Start-ups fail and sometimes it really is because the business plan wasn't strong enough. Sometimes the execution was just plain poor. Sometimes the bosses sucked and didn't treat their employees the way they should have. And maybe the management decisions really were worth questioning, which could be why so many employees became disgruntled? This would be especially true at start-ups where those first employees took big paycuts in the hopes of being a part of something big. Maybe the potential acquirers knew something that you didn't and aren't going to tell you exactly why they don't want to acquire the company, especially if it means implying negative things about the company or people involved. If the numbers add up, there isn't much that can "poison" that. And, VCs will cut their losses like all good business people do when they see the chance of success diminish. Maybe they also know something that you don't and aren't going to tell you exactly why. There are so many reasons why a start-up can fail, and how does one know unless one was actually there for the whole thing? The PR folks can say whatever they want... they can make excuses and get folks to drink the kool aid. That's their job. It sounds like you've drank a little kool aid. Perhaps you shouldn't relate too much to this because *just a guess* there are things you probably don't know and couldn't possibly know unless you were there to bare witness.
William D. Volk
· 1 year ago
We (MyNuMo) had been working with Jangl for a few months on a messaging client for the iPod Touch. Sadly the surprising news of their shutdown reached us just as that project was completed.
As the CEO of a bootstrapped startup I have mixed feelings about all of this. We now must deal with the financial loss from this event. Jangl may be shutting down, but I am going to make sure that our people get paid for their magnificent work on the project.
On the other hand, being a self-sustaining business means not having to worry about being shut down in the same way Jangl was. It requires a extreme level of efficiency and frugality but it gives us the ability to react to market changes and opportunities, for example creating a series casual web based games for the launch of the iPhone.
It is not just VC backed Jangl that is effected by this shutdown, but all the companies and individuals that worked with Jangl in good faith to help them succeed.
goodbye jangl
· 1 year ago
Jangl's engineer team had 8 members. I don't know from where are coming these reports that Michael Cerda and Ben Dean are taking 5 of his best engineers to go to Jajah. The majority of the ex-Jangl engineers are extremely upset with the way Michael and Ben handled the company and, specially, its closure. They simply resigned and ran away from their responsibilities.
jangl employee
· 1 year ago
Just to be clear, the core team did not go to Jajah. Michael Cerda and Ben Dean are the only people to go to Jajah, the rest of the team are out trying to find jobs right now.
While Jangl was still alive, Cerda made bad deal after bad deal wasting all the investors money while Dean sat in his office doing nothing. This does not signal the demise of VoIP business, it signals that the company founders did a bad job running a company while the investors did not pay close enough attention.
Now that Jajah is wasting money on Cerda and Dean, it shows that they have no idea how to run a company either.
All Comments
and what's the take-away? what is this dire warning thing? that startups fail? that failing sucks? that VCs aim to make money? that we're supposed to see wise business decisions by potential acquirers as bad because they don't make our friends rich?
i don't get it.
As the CEO of a bootstrapped startup I have mixed feelings about all of this. We now must deal with the financial loss from this event. Jangl may be shutting down, but I am going to make sure that our people get paid for their magnificent work on the project.
On the other hand, being a self-sustaining business means not having to worry about being shut down in the same way Jangl was. It requires a extreme level of efficiency and frugality but it gives us the ability to react to market changes and opportunities, for example creating a series casual web based games for the launch of the iPhone.
It is not just VC backed Jangl that is effected by this shutdown, but all the companies and individuals that worked with Jangl in good faith to help them succeed.
While Jangl was still alive, Cerda made bad deal after bad deal wasting all the investors money while Dean sat in his office doing nothing. This does not signal the demise of VoIP business, it signals that the company founders did a bad job running a company while the investors did not pay close enough attention.
Now that Jajah is wasting money on Cerda and Dean, it shows that they have no idea how to run a company either.