New ask Hacker News story: Ask HN: I want to propose spinning out my work from current employer. How?
Ask HN: I want to propose spinning out my work from current employer. How?
4 by Kon-Peki | 1 comments on Hacker News.
The company I work for is in the middle of "modernizing" our backend tech stack. As part of this, a few years ago I was assigned a task that could not be completed with anything we had or could find in the marketplace. I designed and implemented a tool that allowed us to move forward (I'm intentionally not describing it); it has now been part of our production process for 6+ months; Somewhere between $15-20 million ARR depends on it and yes, it has been rock solid and dependable. But, nobody wants to dedicate time or resources to maintenance tasks or feature requests. It seems destined to die of neglect unless I can take it outside the organization. This isn't a unicorn idea, more like a few dozen millions of revenue per year. Has anyone tried to do this? How did you approach it? Basically what I want to say is "I want to quit and take this tool with me, and I want you to give me $500k for X% of this new company". Or am I way off base?
4 by Kon-Peki | 1 comments on Hacker News.
The company I work for is in the middle of "modernizing" our backend tech stack. As part of this, a few years ago I was assigned a task that could not be completed with anything we had or could find in the marketplace. I designed and implemented a tool that allowed us to move forward (I'm intentionally not describing it); it has now been part of our production process for 6+ months; Somewhere between $15-20 million ARR depends on it and yes, it has been rock solid and dependable. But, nobody wants to dedicate time or resources to maintenance tasks or feature requests. It seems destined to die of neglect unless I can take it outside the organization. This isn't a unicorn idea, more like a few dozen millions of revenue per year. Has anyone tried to do this? How did you approach it? Basically what I want to say is "I want to quit and take this tool with me, and I want you to give me $500k for X% of this new company". Or am I way off base?
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