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A comment on SnapTalent (YC W08) Shuts Down. Parent comment

Re:SnapTalent (YC W08) Shuts Down by benatkin on Monday August 17, 2009 @03:37PM (#768888)
It would be nice if they switched course without announcing they're going out of business. Reminds me of this:

http://www.paulgraham.com/die.html

AppJet did a good job following that advice IMO, but Heroku takes the cake. They didn't just change direction. They kept the old product alive, too.

Edit: I was wrong. AppJet kept some of their old stuff around, too! I can't wait to check it out. http://appjet.com/dev-archive.html

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Re:SnapTalent (YC W08) Shuts Down by jacquesm on Monday August 17, 2009 @04:02PM (#768945)
According to the letter they already switched course and it didn't work out.
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Re:SnapTalent (YC W08) Shuts Down by ashishk on Monday August 17, 2009 @06:23PM (#769275)
Some term sheets may not allow you to drastically switch course. I'm guessing this is more likely the larger the round.

Either way, the right thing to do is to give the investors the option to cash out.

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