Question

So your using an ex-employee of that company to steal the company's intellectual property and business model. Good luck with not getting caught doing that.

 

If you can copy the model from an ex employee's explanation, it can't be that difficult. I think someone who can afford €35m can afford to poach one or more of the key employees and do the same. Surprised the employee who came to you is not under contract to not divulge such info if it is so valuable. If I were him, I would be demanding a top salary or a share of the company. How long has the other company been running?

Sorry if I'm being too nosy but I find it interesting. I'm sure you'll tell me to **** off if I ask (or have asked) too many questions

 

You do realise he is lying Ron???

Monica, that is

 

Have I been had?

 

The other company's revenue has increased from 200k to 1 million a month in 8 months. And to get back to your question why doesn't anybody copy it, why are any companies bought over? Supposing it was a building company why not just copy it and don't bother trying to buy them out? The guy we poached was working 80 hours a week and was promised shares in the company which he never got so he has no loyalty to them

 

It isn't stealing anything just copying the way you get the traffic and also how you get them to call in as opposed to us calling them. It is ****ing genius.

 

As Ron said, so easy to copy yet they're being offered a 35 million buyout. I wonder what the reason for that might be?

 

So, it is easy to copy a building company's model yet they still get bought out. It is always easier to buy out a company than start one off yourself, less risk for starters.

 

Ok. I'm sure their lawyers will pay you no mind at all.

 

^^^^ pessimistic ****

 

That would depend on what you are buying (premises, customer base, staff, software. equipment etc). If it relies on software, sometimes it can be better to redevelop the software, with improvements. Usually a system can be better designed (eg more modular, easier to extend, lower maintenance costs etc etc). Will you not be competing with the other company? What do you know about the company who tried to buy them out?

I hope it's not one of those companies that call you and when you answer the call has gone, in the hope that they will call back at (unknown to them) extortionate rates . The call blocking service will get rid of those

 

Like I have already stated, we won't be calling anybody, they will be calling us. We will be using our own white label software. (Not even sure if that is correct terminology!)

 

Sounds very dodgy. I'm out.

 

I assume you mean white label software that you have re-branded as your own (powered by .....).?

I'll say one thing Monacoger, it is definitely intriguing

 

As you know I'm not a tech person but we aren't rebranding any software we will be using our own and powered by a name we still need to think of, it is better for our own organic traffic. I have no clue if that makes sense or not!

 

White label software is developed by one company to be distributed to other businesses that customize its appearance (not core implementation) and market it as their own software "powered" by the developing company. Do you run the system on your own equipment or is it hosted? Unless you developed the software from scratch and are selling your own software to other businesses for them to re-brand (ie you are a white label software development company) you will be using software developed by a white label software development company and re- branded and you will be able to sell on as if your own. You will have bought the Intellectual Property rights. Am I correct?

 

No, we have software developers building a new tailor made software for our business from scratch

 

...using somebody else's intellectual property. Tut tut.

 

Nope, not us, mate. What even makes you say that?