Two of my friends had their startups shut down this past month. It's a tough thing to go through. I was with a company that went from 8 to 3 people during my short tenure, so I've seen the implosion first hand.
Then I saw
this thread on Hacker News
, that brought up the possibility of selling their old codebase:
"My co-founder recently decided to shut the company down, focusing on what he/she does best rather than being reliant on tech/design loops...as my payment for these past years, I get to sell whatever we have created, code wise,
and get the dough for it."
The truth is it's probably worthless. Without users, revenue, or a customer feedback loop, code is just words on a screen. As developers, we attach a lot of our worth to the amount
and quality of code we write, but that's not the metric that drives startup success.
What do you think? Have you ever been able to salvage value from your failed company's code? I'd be interested in hearing about it.