Hacker News new | ask | show | jobs
by tablespoon 1371 days ago
> FogBugz got bought out by a vulture capital style firm that fired everyone and outsourced everything. They're going to extract as much value as they can. The reputation doesn't matter if they can sucker enough people into paying for it.

As I understanding, that's a the strategy of a lot of private equity: burn goodwill and turn it into cash.