[rdtsc]

> In what world is shutting down, a superior alternative to selling the company to LeSports for some cold hard cash?

In a world with lots of cash where a companny like Skully is just pocket change and they'd rather not deal with as they have bigger fish to fry.

So you are in the business of buying and selling houses and you do $1M transactions every month. This is like finding a lawn mower in a garage, and yeah you could sell it for $200 on Cragslist, but in the big scheme of things it is not worth your time.

[bravo22]

Any company IP would be cheaper to pick-up in a post shutdown sale. It isn't the VCs personal money they invested, but they do have a lot of personal relationships which could pay off in the future for strategic reasons. You don't need all the investors on board to pull off such a thing. I've seen it before.