Re:Wyze $20 Smart Watch
by Kihashi on Wednesday December 02, 2020 @11:57AM
(#25278362)
> I hope the founders made out like bandits when they sold out, and I hope it launched them onto spectacular career trajectories.
Well uh... The company went under, so I doubt they made out like bandits. The IP was sold off, but I suspect that much of that money was used to pay off outstanding liabilities. My impression was that the founders tried to do right by their employees as well. I find it unlikely that they came out of the process with a ton of money- more than likely they lost money.
Well uh... The company went under, so I doubt they made out like bandits. The IP was sold off, but I suspect that much of that money was used to pay off outstanding liabilities. My impression was that the founders tried to do right by their employees as well. I find it unlikely that they came out of the process with a ton of money- more than likely they lost money.