been in business for 6 years, developing specialised intranet web applications
I've developed my product entirely on my own, and there's only me in the company - my current turnover is about 100k
so far my work has been small-fry and I'm happy to admit that
the industry is changing however, and my product has become the focus of a number of (much) larger companies, and I've been made take-over offers - essentially they want my IPR, and at least 2-3 years of my time to lead development to take the product to the next level - my remuneration will be contingent on an earn-out contract
problem is, I'm not ready to sell out. I want continue developing my product, and ideally recruit staff into my company, expand, and keep my IPR
unfortunately, I'm told, my company doesn't have the gravitas to pull something like this off - this may well be correct...
one practical example is the idea of managing corporate risk. if the product fails, eg servers crash, a bug in the system means they make a mistake etc etc and they blame my system, there is the potential for litigation
a small company therefore would seem unable to handle this sort of risk...
having said that, I believe you can get bespoke insurance that underwrites this sort of risk...
so, overclockers - can you give me any suggestions as to how I can increase the 'gravitas' of my company - or do you think selling-out is the better option
PS: i know i've not given you much in the way of detail, so please ask away!
I've developed my product entirely on my own, and there's only me in the company - my current turnover is about 100k
so far my work has been small-fry and I'm happy to admit that
the industry is changing however, and my product has become the focus of a number of (much) larger companies, and I've been made take-over offers - essentially they want my IPR, and at least 2-3 years of my time to lead development to take the product to the next level - my remuneration will be contingent on an earn-out contract
problem is, I'm not ready to sell out. I want continue developing my product, and ideally recruit staff into my company, expand, and keep my IPR
unfortunately, I'm told, my company doesn't have the gravitas to pull something like this off - this may well be correct...
one practical example is the idea of managing corporate risk. if the product fails, eg servers crash, a bug in the system means they make a mistake etc etc and they blame my system, there is the potential for litigation
a small company therefore would seem unable to handle this sort of risk...
having said that, I believe you can get bespoke insurance that underwrites this sort of risk...
so, overclockers - can you give me any suggestions as to how I can increase the 'gravitas' of my company - or do you think selling-out is the better option
PS: i know i've not given you much in the way of detail, so please ask away!