:: Another Look :: Cahoots ::

Cahoots is boring.

So boring that after covering Hypernix (may it rest in peace) and Odigo there is nothing left to say about what the company does. But something related to Cahoots caught my eye.

Someone named Dr. Shaul Ben-Porat has just filed a lawsuit against some of Cahoots founders claiming he is entitled to a share of their share in the company.

You see the company did raise lots of money (something like $42M up to date) and though there is nothing exciting in what it does it is sitting on a pile of cash. So unlike other Wadi Start-Ups and much like a lot of publicly traded Dot-Coms, Chaoots is worth at least its cash at hand.

Or does it?

True, it does require some creativity to burn through several ten of millions of dollars. But I'm sure Cahoots will find the way. And when it does, its founders, and those seeking to get a share of their share will find out something amazing. What is left for the founders after investors took their part is exactly the value they have created. And in the case of Cahoots this can't be much bigger than the value created by Hypernix founders.

So this lawsuit is a waste of money?

Not if you're a lawyer.

Some things never change.

Wadi Writer #1 (Gray)

WadiList@mail.com

Links:
http://www.cahoots.com

Related Wadi List Issues:
:: YADP, YADP, YADP :: http://oocities.com/wadilist/0007.htm
:: Another Look :: Odigo :: http://oocities.com/wadilist/0078.htm
:: Last Time Hypernix :: http://oocities.com/wadilist/0086.htm