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Yeah, but normally when companies get bought for small amounts of money it's because they're running out of cash and would probably get shut down anyways. If t
by SystemOut 10y ago
Yeah, but normally when companies get bought for small amounts of money it's because they're running out of cash and would probably get shut down anyways. If they were making a profit they'd have been bought for more or they would have raised more cash if their business looked like it might be sustainable.
- victorhooi 10y agoI agree with you - I have no inside knowledge of this, but all the evidence from the time points to not many Revolv units being shipped - I'd be surprised if there were more than several thousand units sold in total, over the lifespan of the company. They'd have no chance of ever recouping their investment, or gaining any kind of critical mass. An acquirhire was probaby a good thing, at that stage - the founders/employees get a new job, and the customer base get an extension on the shutdown, at least for a couple years.