jm + riak + silicon-valley   1

Basho investor to pay up $20m in damages for campaign that put biz on 'greased slide to failure' • The Register
This is disappointing. Basho was very promising.

An investment fund and its manager have been ordered to pay up $20.3m after "misinformation, threats and combative behaviour" helped put NoSQL database biz Basho on a "greased slide to failure".

As reported by The Register, the once-promising biz, which developed the Riak distributed database, faded away last year amid severe criticisms of the way its major investor, Georgetown Capital Partners, operated.

These centred around the control the investment firm and boss Chester Davenport gained over Basho, and how that power was used to block other funders and push out dissenting voices, with the hope of selling the company off fast.
basho  distcomp  riak  vc  software  silicon-valley 
july 2018 by jm

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