Hacker News Reader

Comment by pj_mukh | Hacker News Reader

"He obviously feels he is owed something" Does he feel he is owed something just now? Why didn't he feel he was owed something at their sizable Series A [1]? It all just seems Opportunistic, someone just waiting to maximize their returns.

[1] http://techcrunch.com/2015/09/18/cruise-2/

View on HN

Again, I don't have any insider knowledge here, but: you pick your battles. After the sizable Series A, the company was still going to potentially fail, and thus it may not have been worth Jeremy's time to fight it. Here, it is clearly worth his time. Spending a ton of time fighting for a small amount of nothing is clearly not worth it for anyone, and thus he may have chosen not to fight it until now, when it's clearly not worth nothing.

I find that business is opportunistic in general, and those who are successful are generally opportunistic. To constrain oneself and to not take advantage of opportunities likely means your going to get beat by those that do.

I meant opportunistic in the "You knew you had no leg to stand on but are now trying anyway because the stakes are higher", sort of way,

not the "This is the right time to start a certain business" kind of way

> I meant opportunistic in the "You knew you had no leg to stand on but are now trying anyway because the stakes are higher", sort of way,

This fully describes most of the VC-backed startup world. 95+% of the businesses fail and a few get lucky. Part of making that happen is trying just about anything and shooting for the moon.

What exactly was he waiting for? Hedging his bets? I get that this may be legal, but he seems to have only become interested in his stake because it might suddenly be worth something (alot). I'm actually surprised he's not worried that his sudden claim might not cause enough problems to lower it's value, i.e. scaring off GM.

Reply on news.ycombinator.com