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Businesses

A Dotcom in a Basement? 60

garyebickford asks: "I recently learned that a company I co-founded a long time ago has degenerated to the point where the present principals have sold off most of the equipment and have moved 'operations' into their houses. Though the founding concept is almost two decades old, they still believe that they'll be able to pull something out of a hat. I'm pretty sure the two remaining true believers haven't been paid for several years, and have been working outside to support themselves. The company hasn't sold anything for years as far as I know, but they have kept it running through an amazing series of trials and tribulations including some of the most amazing legal shenanigans I've ever heard of. The stock was delisted a long time ago and is now valued at about $0.001. Of course, who knows? Maybe it will recover. It's happened before. I'm sure we all know of many others, like snakebit projects that have migrated from company to company, and 'entrepreneurs' who could raise money over and over but never quite get a company going, and of course, really cool technology that just never seemed to come out of development, or was almost done when the money ran out?So Slashdot, fess up - do you have a 'company in a box' downstairs? What kind of earth-shaking, irrelevant or worthless technology is sitting under your stairs? More interestingly, why are you, or they, still committed to the business?"
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A Dotcom in a Basement?

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Lots of folks confuse bad management with destiny. -- Frank Hubbard

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