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imadj | 8 months ago

They're not buying the product. They're buying the company so they can pivot and implement their vision.

Basically, the investors lost interest but the team is passionate and see a path to success. They won't be maintaining the old product, they're going in new direction.

discuss

order

necubi|8 months ago

It's actually the opposite. They're buying the assets (the software), not the company.

> To ensure continuity for users and fans, as well as to continue building what we regard as an important technology, Dark Inc has sold the assets – the Darklang language, the blog, the hosted service, the Discord, etc, darklang.com, etc – to a new company started by Dark Inc's former employees.

(from https://blog.darklang.com/goodbye-dark-inc-welcome-darklang-...)

In other words, there's a new company (Darklang Inc.) that has purchased the assets of Dark Inc. (for probably relatively little money). This clears the cap table, making it easier for the former employees (now founders) to raise money for the new corporation.

imadj|8 months ago

So, they pretty much bought the entire thing without transferring company ownership? It's weird to split the information on multiple posts.

They want to maintain the community they have because it's the real asset for any open-source project, which is the direction they're betting on.

pbiggar|8 months ago

Yes, this is correct. So for being unclear!

VirusNewbie|8 months ago

> investors lost interest

The founder lost interest, he started a new company and he is the CEO of it!

rienbdj|8 months ago

Seems more like activism than a company to me.