[cudgy]

You just supported my point that these companies at their core have little value. A team? Teams are fleeting and easily replaced given the hiring and firing (and poaching) practices of companies. Industry connections? Maybe to some degree, but those are fleeting as well and how do you value it? Most of these connections are held by relatively few people in the company.

Companies in other legal jurisdictions will and can steal ip with little impunity and throw new AI tools to quickly gather an understanding of the codebase. Furthermore, knowledge of source provides a roadmap to attack vectors for security violations. Seems foolish to dismiss the risks of losing control of source code.