On Jan 18, 2010, at 7:08 AM, Richard Gaskin wrote: > stephen barncard wrote: >> The REV of today is a lot more complex than previous years. Also it's >> important to note in this comparison the fact that Metacard went out of >> business. > > While it's technically correct that MetaCard Corp. is no longer in business, > to avoid newcomers misinterpreting the above this is a case where details > matter: > > MetaCard Corp. is no longer in business because Dr. Raney successfully > executed its exit strategy. > > Most businesses are launched with an exit strategy in mind, and for many > small software companies that exit strategy is the sale of the company's > assets to another firm after having built them up to an appreciable value. > > With the sale of the MetaCard engine to RunRev Ltd. in 2003, that's exactly > what Dr. Raney did. > > In fact, it may be worth noting that in the whole of xTalk history I know of > no one else who has retired as well from the proceeds of their engine. > > Last time I corrresponded with Dr. Raney he was taking a brief break from > sailing around the Caribbean Sea to return to the States to manage some > assets here which his corporation had acquired for him. > > It would be ungentlemanly to discuss the nature of those assets, but suffice > to say his leisure time speaks for itself. > > So while it's true that MetaCard Corp. "went out of business", may we all go > out of business as well as he did. :)
This reminds me of my last conversation I had with Dr. Raney. We were discussing his sale to Rev when he told me about his exit strategy. In my more naive state of business ownership I felt he was selling out. But he educated me in considering this very important stage and lifespan of a business. He asked me when I planned to retire and enjoy the fruit of my labor. I found the handful of conversations we had to be very useful in my formative years. Best regards, Mark Talluto http://www.canelasoftware.com _______________________________________________ use-revolution mailing list use-revolution@lists.runrev.com Please visit this url to subscribe, unsubscribe and manage your subscription preferences: http://lists.runrev.com/mailman/listinfo/use-revolution
