WE'VE MOVED!

We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
Options

Just overheard a story

onlineeateronlineeater subscriber Posts: 16
edited December 2006 in Thought Leadership
I was at my sons wrestling tourniment this weekend when I overheard a story. It seems that a company developed a software product that cought the eyes of Microsoft. It seems Microsoft was interested enough to aproach the company about license agreement. They ended up selling their company to Microsoft for a revenue share where the guys that developed the product would receive a 60% share of revenue for a period of time. After the deal was done Microsoft ended up giving away the product  for free which generated no revenue. Since I heard this second hand I do not know if it is true, but the story sure offers a valuable lesson.John

Comments

Sign In or Register to comment.