ActiveState Founder Steps Aside 157
Lumpish Scholar writes "ActiveState founder Dick Hardt has quit. Or, as the press release puts it, "ActiveState Expands Board & Founder Steps Aside." No reason for the resignation was given, unless you count, "The company is looking to become a $100 million company, and they're looking for someone ... that [sic.] has that experience." ActiveState (profitably!) distributes its own proprietary products, and also both free and commercially supported versions of Perl, PHP, Python, Tcl, and XSLT, having given back significantly to the free / Open Source communities associated with those languages."
Re:So now even opensource falls... (Score:1)
The times they are a changin'
Re:So now even opensource falls... (Score:3, Interesting)
And what in the FUCK does Enron have to do with a company deciding it wants to start getting paid for its work? I would love to know how you can find a similarity between an embezzling, criminalistic company and a small software company with ideas of coming up in the world and creating bigger and better software, which requires money, son.
My god you are ignorant. What the hell is "OS style" software? Open Source is yes/no type of thing, it either is or it isn't, and last time I looked Activestate wasn't. "OS Style"..is that like being "kinda pregnant"?
So the people involved in the company want to stop driving geo's and living in studio apartments. Oh no, when will the evilness end? They must in league with Lucifer and the Bill Gates and the DMCA monster, run for the hills!
You are the genetic summation of every
Re:So now even opensource falls... (Score:1)
OS style is just what I called it... A lot of thier developed products are based from things that started free, or are even still are free and open source... If it weren't for everyones greed and desire to no longer drive Geo's and live in studio apaartments as you say... I wouldn't be reading about companies suing eachother every week for stealing software, or someone getting sued because they used the wrong EULA that didn't tell people they copied 5 lines of code from someones college final, that was supposed to be OS and used it in a pay-for-play program...
I don't recall naming Gates the 7th leader of Hell either... if thats what you read into it than you have more pent up hatred for things than I do.
Re:So now even opensource falls... (Score:1)
And though your sentiment is in the right place -- corporate leaders bending ethics all over the place and putting bottom line first over everything and likely that is the basis for Mr. Hardt stepping down -- your post did make you sound like an idiot.
It's "ala" not "al la"
The domino analogy signifies companies that are poised and ready to be swayed, not grounded in ethics, thus why does this surprise you so?
It should be "It's" instead of "Its"
Which companies over the last few months have been suing each other for stealing software? I missed that and find that kind of reading interesting
What is it that you do that keeps your shit so clean? Is there a problem with wanting something other than a Geo? Environmentally safer cars don't come cheap, you know.
Re:So now even opensource falls... (Score:1)
All that energy you spend insulting and humiliating others on your side, seems like it could be directed better.
"[sic]" (Score:2, Funny)
Re:"[sic]" (Score:2, Offtopic)
Re:"[sic]" (Score:1)
Re:"[sic]" (Score:1, Informative)
Re:"[sic]" (Score:2)
Re:"[sic]" (Score:1)
What is the point in enforcing this rule if the meaning is clear?
Re:"[sic]" (Score:2)
Re:"[sic]" (Score:1, Offtopic)
You must mean "who", not "whom", which is objective (i.e. "Whom did you have in mind?"). In any case, last time I checked "a person that..." was perfectly grammatical. Merriam Webster's Collegiate Dictionary handily supplies the following Shakespeare quote: "I'll make a ghost of him that lets me" (as opposed to "him _who_ lets me", which of course would have been just as legitimate).
Re:"[sic]" (Score:1, Offtopic)
"that has that experience"
The errant "that" above is functioning as a subject here, hence the need for "who".
To fall back on the old grammar school test, let's make things third-person singular. Would it be "she has that experience" or "her has that experience"?
Re:"[sic]" (Score:1)
Re:"[sic]" (Score:1)
Re:"[sic]" (Score:2)
Re:"[sic]" (Score:1)
When we speak, there is no difference. Why maintain the spelling rule?
Re:"[sic]" (Score:2)
Re:"[sic]" (Score:2)
Re:"[sic]" (Score:1)
(The relevant distinction is between sentient beings (such as
"someone") and insentient items (such as "something").)
Granted, we all knew what was meant. Nevertheless, get your
criticism right, or don't criticise.
Trouble with AS Perl (Score:2, Funny)
Re: (Score:1)
Re:Trouble with AS Perl (Score:1)
Granted, I tried it ~3 years ago, and never since. I just don't use perl very much.
Re:Trouble with AS Perl (Score:1)
maybe you should read the manuel of your http server?
Re:Trouble with AS Perl (Score:1)
Maybe in a month or two I'll look into it again.
Re:Trouble with AS Perl (Score:3, Interesting)
One thing you might have bumped into was the whole braindead "I only know stuff by filename extensions" that the servers used to do in the early days, before IIS even existested.
Re:Trouble with AS Perl (Score:1)
OT: Cygwin tips. (Score:3, Insightful)
1) Make sure you set up your
mkpasswd -l >
mkpasswd -d -u USERNAME >>
2) The Cygwin bash term (like if you go to the start menu and get a bash shell) takes the standard ANSI escape sequences. So you can do the normal PROMPT_COMMAND things and have your cwd in the title in the term window. I love this. Problem is, the termcap doesn't seem to totally jibe with termcaps on the Solaris machines I log in to, so I still have to use XTerms if I want scrolling in say man pages to work right. Set this up in the
3) cygstart (in the cygutils package) is your friend. It's the glue that integrates the Windows and Cygwin sides well. cygstart --open on a Windows App path will open it in a new window. cygstart --open on a doc will open the doc in the app associated with it in Windows. If you pass in paths from cygwin to a windows app, translate the path before. Here, $(cygpath -w unix_style_path) is your other friend.
4) If you want to open a cygwin app without the attendant DOS window, check out the run [gatech.edu] utility.
5) Look for "Command Prompt here" on Microsoft web sites. Then open up RegEdit, look for DosHere, and change the command to the path to your bash shell. Then you can open up bash shells in any directory. Nice.
Re:Trouble with AS Perl [Off-topic] (Score:1)
AS Perl is much faster (Score:1)
Any exploration of the filesystem seemed an order of magnitude faster.
Re:Trouble with AS Perl (Score:1)
Anyway, I hope that ActiveState manages to continue their fine work even in the absence of their chief.
The best thing you can do for your company... (Score:3, Insightful)
Why? (Score:5, Insightful)
My prediction is that they'll take on huge debts & expenses to try to expand, fail in 90% of their new "expansion" markets, and die completely or settle back to their same growth curve and niche only saddled with several times more debt. Are there any studies on companies trying for excessive growth?
To go public (Score:5, Interesting)
This model for building a tech company has been basicly the only way to create a company here in the US since the 60s - the VCs understand how it works, the execs, the engineers all know how it works. Most of these companys die - maybe 2 out of 10 live to go public - it's the risk you take building a startup - it's also effects the scale of things the VCs try for - they need those 10-20% of BIG successes to pay for all the investments that fail. The basic business model for people starting this sort of company is "we will build a company that's worth something and sell it on the stock market". You make money from an ever increasing stock price.
Of course it's not the only way to build a company you can start a small company and grow it slowly financing it out of profit - this is really hard to do (I know I've tried :-) - but not impossible - I've known a number of people who've built such companies - you have a completely different model for your business "we will sell the stuff we make and take home part of the profits". You make money from your profits.
The big advantage of the DIY company is that you can stop growing at any point. Besides, because you're living directly off your profits you don't have to grow for ever to keep making money - you can stop at $1M or $5M or wherever you're comfortable. The big downside is you're probably spending your own (very real) money, not some VCs.
Re:To go public (Score:1)
Re:To go public (Score:2)
I must correct this statement. The engineers who worked their butts off are NOT getting paid back. Yes, there are a few high-profile spectacular successes. But the rule is that top execs keep 75% of the stock for themselves and early investors, and something less than 15% gets distributed to EVERYONE else... including the engineers. The likelihood of the stock becoming even modestly valuable is very low, and the engineers are the last in line when stockholders line up to recoup losses in the event of a failed endeavor. And sadly, these ventures often fail specifically because the execs' desire for short-term gains prevents them from making decisions that would result in a viable long-term business.
.
Re:To go public (Score:2, Interesting)
One of the sad things about the whole dot-com thing was how incredibly naive people were - when there were people all around them who'd been down this road before
I've worked a number of startups over the past 20 years - most were moderately successfull, one went public - but like the stock market I've always considered it a risky long-term investment that will one day hopefully pay off.
What is the real purpose of a company? (Score:3, Interesting)
I guess this is almost a philosophical question. What is the PURPOSE of a company? To make money, provide jobs, improve the world, or increase its stock price?
I mean, what is the REAL value of owning a company's stock? If the company does not pay dividends (such as MSFT), then what am I really buying and selling? Regardless of the dot-com bubble, the stock market still seems mostly like a pyramid scheme..
Re:What is the real purpose of a company? (Score:5, Informative)
First and foremost, to survive the creator. It's easier to avoid inheretance and contract problems when a founder dies if there is a corporate entity as opposed to individuals.
Second: separate liability.
In the case of MSFT and others who don't pay dividends, you are buying a portion of the assets of the company. You assume that through wise action of the company, the company will gain assets, thus you will gain assets.
But MSFT really should pay some dividends. It would increase the value of their stock, and set a new model that other tech companies would likely be unable to follow, lacking in cash as they are.
Re:What is the real purpose of a company? (Score:2)
So how or when do I get my share of MSFT's assets? At a going-out-of-business fire sale? When you are hoping the company will survive and grow, the idea of personally gaining my share of MSFT's assets seems quite abstract.
Dividends make sense because they almost a form of profit-sharing.
Re:What is the real purpose of a company? (Score:3)
Most importantly, since the company is privately held and run by one family, the company adheres to the personal values of its owners. Corporate executives use shareholders as scapegoats to justify all sorts of sleazy shit. All they have to say is that they're a public corporation and that they have a duty to protect their shareholders investments. If a privately held corporation does something dirty, the owners are held morally accountable. What this means in practical terms is that the company doesn't capriciously lay off workers, and that employees tend to be paid well. One of their factories in Georgia burned down several years ago, and everyone just knew that the workers there would be laid off. However, the company offered everyone a new position in the company and promised to rebuild the factory. You can't expect a publicly held corporation to do something like that just out of principle.
Steve
Re:What is the real purpose of a company? (Score:2, Interesting)
Thank you. Yours, and others' comments, at least reassure me that I am not the only guy who wondered why the hell a company needs to *grow* all the time in order to be successful. I tend to agree; maybe more companies should be private.
After all, consider the hypothetical example of a company that employs 20 people, and sells enough each year to break even, or slightly better, after operating and manufacturing expenses, salaries, loan repayments etc etc. Only in a twisted economic system would you consider this situation to be a bad thing. Oh, they can't be successful - they didn't grow! Who gives a shit - they kept their market happy, paid all their creditors and employees, and paid out some Christmas bonus money - what more do you need?
I guess that's why I am not on Wall Street - my views would be unpopular amongst all the parasites and leeches. After all, that institution could never survive if speculation bit the dust.
On a related note - anyone care to explain why the *economy* has to grow? I don't mean right now, where we are financially in trouble, but I mean in the abstract. To listen to economists and pundits you'd get the impression that every national economy has to grow, grow, grow all the time, or you're screwed. Why? Let's assume that the population is not blowing up anymore, and that we are happy with our per capita wealth - somebody explain to me why the economy needs to grow?
Oh wait, I guess I answered my own question - if the economy doesn't grow then the per capita wealth of the top 1% won't increase...
Re:What is the real purpose of a company? (Score:1)
Re:What is the real purpose of a company? (Score:1)
If workforce population is stable and real productivity is growing at 2% per year then a stable gdp would imply unemployment were increasing at just under 2% per year. So for example if you assume we started with 5% unemployment and this lasted 10 years at the end you'd have 22% unemployment which is fairly close to what we had at the height of the great depression.
So in real life country (or where this happens a lot in the US is towns) with a stable level of output is either rapidly losing working population or is experiencing almost no increase in productivity.
Only very conservative societies will tolerate stable levels of productivity.
Re:What is the real purpose of a company? (Score:2)
Economic growth doesn't just benefit the wealthy -- even regular people depend on the economy to grow over time. Say a young person in his 30s bought an $85,000 house in 1983, with a 30 year morgage. Early on, the house payments are really expensive. But over time, as a result of inflation, that $85,000 begins to seem less and less expensive because everything else, including his salary, has risen. Meanwhile, the house has increased in value as well. So the guy who was paying off a $85,000 loan for an $85,000 house in 1983 is paying off an $85,000 loan for a $135,000 house right now, which is a pretty good deal. In the end, modest inflation is a good thing for regular people. And inflation, generally speaking, is a product of economic growth.
This is all grossly oversimplified, and I'm certainly no expert on the subject. But that's why everyone wants the economy to grow. The problem is when companies grow too fast....
Steve
Re:What is the real purpose of a company? (Score:2)
Re:What is the real purpose of a company? (Score:2)
You're correct to a point but its much more complicated than that.
Inflation is nothing more than rising prices across the economy. It can be caused by many things. Inflation is a necessary result of economic growth because when people have more money, they want to buy more stuff, but there is only so much stuff out there to buy. When demand outstrips supply, prices rise, and we have inflation. This can occur without tinkering with the money supply at all.
Money supply affects inflation but isn't the sole cause. The Federal Reserve can control money supply by buying and selling bonds, and by controlling interest rates. This gives them a limited ability to control inflation, but the Fed can only do so much.
It's actually even more complicated than what I have described. Macroeconomists still don't have a good system for describing and predicting the behavior of the economy as a whole, so no one really understands what's going on.
By the way, the practice of printing more money without removing the old money from circulation is called "devaluation." This results in inflation but it isn't the same thing as inflation. Governments devalue their own currency for a variety of reasons, but they usually do it to allow debtors (usually the government itself) to pay off their debts more easily.
Inflation is good for debtors and bad for lenders. The complicated thing is that the average person is both a lender and a debtor. When he applies for a mortgage to buy a house, he becomes a debtor. But when he puts money into savings he is, in effect, lending the money to the bank. When you invest money in the stock market and expect to earn it back, you can view that as lending your money to company (even though you really aren't). So the average person benefits and suffers from inflation simultaniously. However, the enormous expense of buying a home (which is still the norm in America) makes a mild inflation rate attractive to the average American.
Steve
Re:What is the real purpose of a company? (Score:2)
Don't worry, we live on a finite planet, so it will stop growing one way or another. Let's assume the economy grows at a modest 3% rate for the next 1000 years. Let's see... we'd end up with 6.87e+12 times the economic output we have today. At that rate, we'd use up most any natural resource on this planet within milliseconds.
Clearly, some limiting factor is going to stop the concept of exponential growth sooner or later. Probably sooner.
Re:Why? (Score:5, Informative)
Actually the answer is quite simple. Whether you think it is sensible or not is up to you.
ActiveState are a Venture Capital financed company. This is the list of their investors:
Greg Aasen, Kevin Huscroft, PMC-Sierra; Matt Dion, Crystal Decisions; Haig Farris, Fractal Capital Corp; Paul Lee, Don Matrick, Electronic Arts; Amos Michelson, CREO Products Inc; Tim O'Reilly, O'Reilly & Associates; Hadar Pedhazur, Opticality Ventures; Michael Tiemann, Red Hat
I don't know how much money was put into the company, but a good guess is the $10 million - $40m range; perhaps more. The basic math of VC funding is something like this:
1 in 10 VC-financed companies make it. Therefore 9 in 10 fail. To break even a VC has to make 10 times their investment back. Therefore for a $25m investment the company has to be sold (through IPO or merger) for at least $250 million. To attract investor money that otherwise goes to the stock market or bonds or whereever you need to do better than break even. You need to have 2-3 times returns at least. So you need to be able to invest $25m and get back $500-$750 million at the "liquidity event".
You want to sell a company for $500 million? You're going to need to be making profit and have revenues in the $100m/year range.
Venture Capital is a high-risk high-reward deal, where the vast majority of investments fail. The handful that succeed have to succeed big in order to support any VC money at all.
If a company wants to start small and grow slowly it should not take VC money; there are lots of other sources of financing, but they will be for much smaller amounts. Once you've taken VC money, don't start moaning when the investors want you to live up to the other end of the bargain. They give you $25 million, you give them back a company with huge revenues.
Re:Why? (Score:3, Insightful)
Or the VCs need to learn improve their success rates. Maybe pushing along the company too fast causes 7 out of those 10 to fail, when they would have been perfectly fine taking more time. The investors providing VC funds with money have been pulling their funds back out. In the current climate, investors are going to be many times more critical about IPO buys - especially if the company seems like its propped up with low-integrity strategies. It would seem smarter to slow down your burn rate, wait for a better environment on Wall Street, and present solid financials for your IPO.
Re:Why? (Score:2)
Often, when faced with the choice of letting a profitable company remain profitable (but not quite as profitable as you want) and destroying the company completely, the VCs tend to choose destroying it completely, even when the outcome is obvious.
Re:Why? (Score:1)
but ActiveState has to try. Why? Because they
have investors.
When you take money from a VC, it's not free.
They expect you to place your company on a
high-risk/high-reward growth curve. They want
a spectacular success or a quick crash and burn.
This is what killed Ars Digita. I hope it
doesn't kill ActiveState because I am tired of
watching good companies crumble in their
attempts to meet the demanding expectations
of investors they never needed.
one word. (Score:1, Flamebait)
congrats to all involved, and kudos to the CEO for realizing he was in over his head. nothing worse than a CEO that doesn't know how to be a CEO.
Re:one word. (Score:2)
Sure there is. One who knows how to be a CEO according to today's business standards
There are a lot of things worse than a well meaning CEO in over their head (they at least can learn), one who knows exactly what their doing and is looking out for themselves more than they are the company.
And in today's marketplace, what percentage of the resumes/CVs crossing their desk do you think will be from competent, well meaning CEOs? 1%? 10%? I doubt much higher than that, and I'm an optimist.
Re:one word. (Score:2, Funny)
And in today's marketplace, what percentage of the resumes/CVs crossing their desk do you think will be from competent, well meaning CEOs?
Hey, Carly Fiorna should be finished raid^H^H^H^Hhelping HP pretty soon. Maybe she'd be interested.
Larry Wall (perl) in their payroll (Score:3, Informative)
Re:Larry Wall (perl) in their payroll (Score:1, Informative)
Re:Larry Wall (perl) in their payroll (Score:5, Informative)
Re:Larry Wall (perl) in their payroll (Score:2)
They'll be bankrupt in five years (Score:3, Interesting)
Ten, tops.
Any time a company decides it needs to get ten times bigger, it's taking a huge risk. It's certainly possible they'll grow to ten times their current size, but it's not particularly likely in today's economic climate. Investors got drunk on 15-20% returns during the heyday of the Internet bubble, but what we've seen in the last 18 months is that those returns were illusory. Growth (and returns) in the 5-10% range are far more sustainable.
If they want to grow to ten times their current size, they'd better plan on taking at least 10 years to do it.
Re:They'll be bankrupt in five years (Score:2)
If anything, these are the plans of a company who has learned well from the dot-boom companies.
Re:They'll be bankrupt in five years (Score:2)
Of course 72% of the fortune 500 companies have downloaded activeperl or paid for it. That does not mean jack shit.
Re:They'll be bankrupt in five years (Score:1)
Re:They'll be bankrupt in five years (Score:1)
could it be? (Score:2, Funny)
two words (Score:2, Troll)
Source for Active State's distribution of perl? (Score:2)
Re:Source for Active State's distribution of perl? (Score:1, Informative)
Translation (Score:1, Funny)
The average business day will now be meetings, layoffs, donuts, histrionics by incompetent managers, huge debt loads and massive spending on overpriced, irrelevant crap.
All of the competent employees (the people who actually build things that other people want to buy) will be laid off, forced out, or outright fired, only to be replaced by compliant, agreeable, loyal know-it-alls, who will put their voice mail on "never reply", drench themselves in office politics, be paid higher salaries and will never be laid off.
The HR department will triple in size and hiring will be reduced by 90%.
Customers will be forgotten.
Happens every time.
ActiveState (Score:1)
"The initial expansion will be funded with current company resources, but next year ActiveState might seek a round of financing in the first or second quarter, Pike said."
The investors that put big bucks into a company like that demand a healthy return on their investment. Otherwise, why take the risk?
If a company founder is happy with a small company, the answer is simple: don't borrow money.
Sometimes you just have to quit to be real. (Score:2, Interesting)
Why I stepped aside ... (Score:5, Informative)
Re:Why I stepped aside ... (Score:3, Interesting)
Re:Why I stepped aside ...ActiveState Troll... (Score:2)
Having spent some small amount of time with him at the last PDC (in Ellay) and Lord O'Reilly's P2P in San Fran, i respect Mr. Hardt and really, really like AS' products (having Big Pimped them out to a large # of my consulting clients, who have both ordered and used them).
If you have never had any experience with scripting on Windows (you Lucky Dog), and you have had such experience on *NIX, than you will find AS' scripting solutions a GODSEND, and an absolute vital add-on to VSE....
It's fashionable to assume that any time a CEO/Founder steps down that the vulture capitialists have pressured them to do so for some B-School suit that can't tell a computer from a kumquat, but who give good meeting...
Dick (and his Krewe) have done fine job on bringing both effective scripting and a very productive development environment to the Windows environment.
AS (along with others like Don Box) have been instrumental in making MS take the independent developer community seriously. AS has particularly been our community's advocate in bringing adult scripting to the platform. If it weren't for people like Dick and companies like Active State, we might all still be using DOS batch commands and the WSH.
Maybe (GASP!) Dick is telling the truth. And AS has a chance (in this rather difficult growth environment) to make some BigNoyz and accompanying BigBuks for all the people that have worked so hard to make useful scripting a reality on a OS that was NEVER designed to be efficiently scripted.
Maybe for once, we could all skip the requisite
(besides Lori is a serious Marketing Goddess!)
What Corp. Comm. Policy is ... (Score:3, Informative)
2. Call me Dick.
3. Corporate Communication Policy enforcement are often tasks such as scanning outbound email for profanity or intellectual property leaks. The scenario you talk about is what Exchange and Notes do :)
Original joke (maybe) (Score:1)
BTW Good luck with the stepping aside thing. I hope you know the people who you are handing the reigns over to well and that they are of high integrity and have good leadership skills. I have rarely seen the reigns handed to people who weren't unscrupulous, power hungry, and/or unqualified.
-Eric
Re:Why I stepped aside ... (Score:1)
loz
Re:Why I stepped aside ... (Score:1)
Ever thought of defusing this problem by going by Richard?
As it stands, you've really got it sticking out there for everybody to notice.
Re:Why I stepped aside ... (Score:1)
Who can resist such a challenge? (Score:2)
A tribute to Active State (Score:1)
With each new release Perl on Windows became more functional. Today you can write most Perl apps the way you would write them on a Unix box and they'll run fine under Windows. Further modules have been written by Active State which create genuine functionality for the Windows / Perl developer. Active State did a hard project well with what looks like a pretty small team. They've also created some pretty good value added commercial products.
I wish them luck on the path of rapid growth. They've proven themselves on the path of rapid improvement.
Compare with Metrowerks acquisition (Score:3, Insightful)
I'll tell you what happened - from the inside (Score:4, Funny)
Everything starts out ok. . . typical boring board minutes stuff, somebody announces that we have a special guest and then who walks in? Fritz Hollings, Michael Eisner, Kenneth Lay and the DVD Consortium, trying to jack the whole proceedings! Well, Van Rossum and Wall completely freak out. Wall is like "get out of here you
The whole room goes silent, the lights dim, this evil-looking powerpoint starts playing and this menacing voice starts calling for the elimination of Dick Hart. . . When I saw who it was, I couldn't believe it. I always kinda figured Microsoft's investment might sink the company, but I never knew who was behind all of this - most of the other ActiveStaters never would've guessed it either...A cloaked figure emerged from the break-room shadows and revealed himself to be. .
Cowboy Neal.
(did you guess right?)
Candidates (Score:2)
Candidates include:
Experience people, experience! We want to be either a 100 million dollar company, or at least a company that looks like one.
It does make me wonder ... (Score:2)
$100 million company isn't scratch - you don't suppose ActiveState may be thinking about making room for a puppet dictator, or perhaps selling the company outright to a certain Redmond-based software interest?
Guess I should have seen that coming when they jacked the prices on their Perl Development Kit (still worth it), divorced it from O'Reilly, and began taking a very MSDN approach to their Perl packaging.
Say goodbye to activestate. (Score:1)
that they will become a $1x10^8 company. I've
never paid them any money. Have you?
What is their business model? This is either politics,
(i.e. someone wants Hardt out of there way) or it's greed rearing
its ugly head or both.
We will see activestate wither on the vine and
fall off unless someone that realizes what activestate's
about comes on board.
They make a perl for windows (and some other stuff).
And few people pay for perl for windows.