Comments on: Kadoink Seized By Creditors http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/ Startup and Technology News Fri, 27 Nov 2009 02:58:35 -0800 hourly 1 By: cheap aion kinah http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2979371 cheap aion kinah Sat, 12 Sep 2009 06:46:34 +0000 http://www.techcrunch.com/?p=57685#comment-2979371 Too much is a relative term in this case I believe… fact that the founders cashed-out is an interesting one, means they no longer had any direct interest in the company. A huge red flag. Too much is a relative term in this case I believe… fact that the founders cashed-out is an interesting one, means they no longer had any direct interest in the company. A huge red flag.

]]> By: RatPointer http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2789510 RatPointer Mon, 08 Jun 2009 12:48:13 +0000 http://www.techcrunch.com/?p=57685#comment-2789510 Bucko, all the names you mentioned are in LinkedIn. You won't get anything out of them though but you can still give them a piece of your mind. Bucko, all the names you mentioned are in LinkedIn. You won’t get anything out of them though but you can still give them a piece of your mind.

]]> By: Beware The Venture Debt: Kadoink Shuts Down For Good | Tech-Framers http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2783212 Beware The Venture Debt: Kadoink Shuts Down For Good | Tech-Framers Thu, 04 Jun 2009 18:37:26 +0000 http://www.techcrunch.com/?p=57685#comment-2783212 [...] April we reported that San Francisco based mobile startup Kadoink was heading towards the deadpool. Not because they ran out of money, but because Hercules Technology Growth Capital, one of their [...] [...] April we reported that San Francisco based mobile startup Kadoink was heading towards the deadpool. Not because they ran out of money, but because Hercules Technology Growth Capital, one of their [...]

]]> By: Beware The Venture Debt: Kadoink Shuts Down For Good http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2783091 Beware The Venture Debt: Kadoink Shuts Down For Good Thu, 04 Jun 2009 17:48:31 +0000 http://www.techcrunch.com/?p=57685#comment-2783091 [...] April we reported that San Francisco based mobile startup Kadoink was heading towards the deadpool. Not because they ran out of money, but because Hercules Technology Growth Capital, one of their [...] [...] April we reported that San Francisco based mobile startup Kadoink was heading towards the deadpool. Not because they ran out of money, but because Hercules Technology Growth Capital, one of their [...]

]]> By: ToxicChinese Mafia http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2781653 ToxicChinese Mafia Wed, 03 Jun 2009 23:03:57 +0000 http://www.techcrunch.com/?p=57685#comment-2781653 You are fucked Bucko. Kadoink sold their assets yesterday and they are going to bankrupt the company. You should have sued them, dumbass. Too late. You are fucked Bucko. Kadoink sold their assets yesterday and they are going to bankrupt the company.

You should have sued them, dumbass. Too late.

]]> By: Bucko http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2780031 Bucko Wed, 03 Jun 2009 03:36:36 +0000 http://www.techcrunch.com/?p=57685#comment-2780031 Some of you seem to be in the know, so maybe you can suggest where I can track down the money Kadoink owes me...I'm a freelancer that Kadoink didn't pay for a month's worth of work when they were "seized" (work was for month before they went belly up). I'm now tracking down whom I need to go after. Any ideas?Founders? Venture Capitalists? Scott Cahill, CEO? Shabber Jaffer, CFO? John Karsner, CTO? Mark Robinson, VP Prod. Management? Roland Deal, VP Marketing? Bob LaFrance, VP Business Development? Will anyone take responsibility? Where does the buck stop when the buck stops? Some of you seem to be in the know, so maybe you can suggest where I can track down the money Kadoink owes me…I’m a freelancer that Kadoink didn’t pay for a month’s worth of work when they were “seized” (work was for month before they went belly up). I’m now tracking down whom I need to go after. Any ideas?Founders? Venture Capitalists? Scott Cahill, CEO? Shabber Jaffer, CFO? John Karsner, CTO? Mark Robinson, VP Prod. Management? Roland Deal, VP Marketing? Bob LaFrance, VP Business Development? Will anyone take responsibility?

Where does the buck stop when the buck stops?

]]> By: MindlessVC http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2727789 MindlessVC Sat, 02 May 2009 17:37:28 +0000 http://www.techcrunch.com/?p=57685#comment-2727789 Interesting story here....why a VC would choose a middle-aged CEO from a 2nd rate Wine company over founders is the most asinine thing about it...if I'm reading this right. A wine company CEO? For a tech startup? Is this right? Is it my imagination or has Scott Cahill had absolutely 0 exits and successes? Since when do VC's bet on losers like this? Bet on a 0 exit, glorified sales guy as CEO. My guess is that guy is flipping burgers today. Interesting story here….why a VC would choose a middle-aged CEO from a 2nd rate Wine company over founders is the most asinine thing about it…if I’m reading this right.

A wine company CEO? For a tech startup? Is this right?

Is it my imagination or has Scott Cahill had absolutely 0 exits and successes?

Since when do VC’s bet on losers like this?

Bet on a 0 exit, glorified sales guy as CEO.

My guess is that guy is flipping burgers today.

]]> By: Strategic Buyer? http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2723639 Strategic Buyer? Thu, 30 Apr 2009 10:07:35 +0000 http://www.techcrunch.com/?p=57685#comment-2723639 Looking for strategic buyer? Give me a F-ing break! Whoever is thinking of buying this dead body of a company, should think again. You're better off buying a new sports car, a lap dance or a bar of chocolate. All of which will give you more satisfaction, a better sense of accomplishment and a much much higher return for your investment. God Bless! Scott Looking for strategic buyer? Give me a F-ing break!
Whoever is thinking of buying this dead body of a company, should think again. You’re better off buying a new sports car, a lap dance or a bar of chocolate. All of which will give you more satisfaction, a better sense of accomplishment and a much much higher return for your investment.
God Bless!
Scott

]]> By: Rupert http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2721577 Rupert Wed, 29 Apr 2009 05:24:59 +0000 http://www.techcrunch.com/?p=57685#comment-2721577 Kadoink.com is now showing a Parked by GoDaddy page, tip from http://www.exectrax.com/c/r/130/2/ Kadoink.com is now showing a Parked by GoDaddy page, tip from http://www.exec....com/c/r/130/2/

]]> By: what a sad story http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2708647 what a sad story Tue, 21 Apr 2009 17:34:22 +0000 http://www.techcrunch.com/?p=57685#comment-2708647 Whatever the truth, this is a really terrible story. My guess though is that the truth is nearer to what the founders are saying, having been thru a similar situation. It's amazing the incompetent CEOs that investors can push into a company. Founders usually just get forced out, with nothing, kudos to these guys if they managed to get something for their efforts. Sadly, a promising company is dead. Whatever the truth, this is a really terrible story.

My guess though is that the truth is nearer to what the founders are saying, having been thru a similar situation. It’s amazing the incompetent CEOs that investors can push into a company. Founders usually just get forced out, with nothing, kudos to these guys if they managed to get something for their efforts.

Sadly, a promising company is dead.

]]> By: Roundup: Fox News launches uReport, AT&T doubles 3G capacity, and more | Top Blogs | HotelsBooking.in.th http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2708262 Roundup: Fox News launches uReport, AT&T doubles 3G capacity, and more | Top Blogs | HotelsBooking.in.th Tue, 21 Apr 2009 13:14:51 +0000 http://www.techcrunch.com/?p=57685#comment-2708262 [...] to reassert the business requirements of a $2.5 meg distinction of credit. CEO histrion Cahill says the Kadoink is hunting for a [...] [...] to reassert the business requirements of a $2.5 meg distinction of credit. CEO histrion Cahill says the Kadoink is hunting for a [...]

]]> By: Techeroid » Roundup: Fox News launches uReport, AT&T doubles 3G capacity, and more http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2708166 Techeroid » Roundup: Fox News launches uReport, AT&T doubles 3G capacity, and more Tue, 21 Apr 2009 11:41:24 +0000 http://www.techcrunch.com/?p=57685#comment-2708166 [...] it failed to maintain the financial requirements of a $2.5 million line of credit. CEO Scott Cahill says the Kadoink is looking for a [...] [...] it failed to maintain the financial requirements of a $2.5 million line of credit. CEO Scott Cahill says the Kadoink is looking for a [...]

]]> By: Roundup: Fox News launches uReport, AT&T doubles 3G capacity, and more » VentureBeat http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2708105 Roundup: Fox News launches uReport, AT&T doubles 3G capacity, and more » VentureBeat Tue, 21 Apr 2009 10:39:53 +0000 http://www.techcrunch.com/?p=57685#comment-2708105 [...] it failed to maintain the financial requirements of a $2.5 million line of credit. CEO Scott Cahill says the Kadoink is looking for a buyer. Tags: co:AT&T, co:Fox News, co:Gear 6, co:google, [...] [...] it failed to maintain the financial requirements of a $2.5 million line of credit. CEO Scott Cahill says the Kadoink is looking for a buyer. Tags: co:AT&T, co:Fox News, co:Gear 6, co:google, [...]

]]> By: Rat Pointer http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707907 Rat Pointer Tue, 21 Apr 2009 07:18:54 +0000 http://www.techcrunch.com/?p=57685#comment-2707907 Mr Liar, You are answering your own question... Read back what you wrote out loud and see if it makes sense then. Its very naive of you to think and respond like you do. Naive like a cuddly toy. The founders, who by definition, founded a company, felt it being steered the wrong way. Obviously you do not know the full story, and it is not my place to tell it to you. Lets say that they had reason (and proof) to believe they have been intentionally mislead by 3rd parties to hire a particular captain to steer their ship. I'll continue with a ships and pirates analogy as it makes things simple: The captain decided to change the destination of the ship, in hunt of some personal treasure or his own moby dick. The founders, who worked hard to actually build the ship the captain was steering did not agree to their new course and attempted to depose the captain by civilized means. They tried to reason with him and when they saw reason will not do they attempted to go to the funders of the enterprise. The funders, perhaps, thought the captain's fictitious treasure was worth hunting and told the founders to walk the plank. At this point, I would understand any sea man who will attempt to defend his ship to the death. Any man or woman who will not stand and fight lack a moral fiber in my book. Those who took a back seat in the battle in order to wait and see who the winner is, eventually got what they deserved - a sunk ship. That whole mutiny happened about over year ago if memory serves. Since then the ship was steered to its new destination by the captain and his MANY executive sea man. So many executive sea man were there that sometimes it seemed like there's nobody to scrub the decks... So claiming any of this mutiny had any effect on the health of the ship itself is a foolish thing. The mutiny left the ship untouched. Its crew however was beyond repair, and ultimately caused the ship's demise. Again, there are many parts to this story that will not be told here. I was observing it from a vantage point at the side, and was able to see clearly the story unfolds from both sides. Maybe one day I'll tell all, but I for one, do not want to hurt anybody by slander. I see it a very harsh sin to speak badly on other people in public particularly in a time where they probably understand their own mistakes better in hindsight and hopefully regret their actions and have learned from them. Your words about Mr stone before were harsh to the point of unjust personal attack on his character. Its a shame you can't retract them and I do think an apology in the same public forum is in order. But that's up to you and your own conscious. Hope you sleep well at night. Mr Liar,
You are answering your own question… Read back what you wrote out loud and see if it makes sense then. Its very naive of you to think and respond like you do. Naive like a cuddly toy.
The founders, who by definition, founded a company, felt it being steered the wrong way. Obviously you do not know the full story, and it is not my place to tell it to you. Lets say that they had reason (and proof) to believe they have been intentionally mislead by 3rd parties to hire a particular captain to steer their ship.
I’ll continue with a ships and pirates analogy as it makes things simple: The captain decided to change the destination of the ship, in hunt of some personal treasure or his own moby dick. The founders, who worked hard to actually build the ship the captain was steering did not agree to their new course and attempted to depose the captain by civilized means. They tried to reason with him and when they saw reason will not do they attempted to go to the funders of the enterprise. The funders, perhaps, thought the captain’s fictitious treasure was worth hunting and told the founders to walk the plank. At this point, I would understand any sea man who will attempt to defend his ship to the death. Any man or woman who will not stand and fight lack a moral fiber in my book. Those who took a back seat in the battle in order to wait and see who the winner is, eventually got what they deserved – a sunk ship. That whole mutiny happened about over year ago if memory serves. Since then the ship was steered to its new destination by the captain and his MANY executive sea man. So many executive sea man were there that sometimes it seemed like there’s nobody to scrub the decks… So claiming any of this mutiny had any effect on the health of the ship itself is a foolish thing. The mutiny left the ship untouched. Its crew however was beyond repair, and ultimately caused the ship’s demise.
Again, there are many parts to this story that will not be told here. I was observing it from a vantage point at the side, and was able to see clearly the story unfolds from both sides. Maybe one day I’ll tell all, but I for one, do not want to hurt anybody by slander. I see it a very harsh sin to speak badly on other people in public particularly in a time where they probably understand their own mistakes better in hindsight and hopefully regret their actions and have learned from them. Your words about Mr stone before were harsh to the point of unjust personal attack on his character. Its a shame you can’t retract them and I do think an apology in the same public forum is in order. But that’s up to you and your own conscious. Hope you sleep well at night.

]]> By: Liar http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707787 Liar Tue, 21 Apr 2009 05:45:14 +0000 http://www.techcrunch.com/?p=57685#comment-2707787 You're right Rat... Maybe that was a little harsh. i just don't understand why you feel the need to defend the founders. The ones who went to the board to kick out the CEO, but failed and supposedly collected 1.5 million dollars in a payout. Is that the right thing to do for the founders or the board? You’re right Rat… Maybe that was a little harsh. i just don’t understand why you feel the need to defend the founders. The ones who went to the board to kick out the CEO, but failed and supposedly collected 1.5 million dollars in a payout. Is that the right thing to do for the founders or the board?

]]> By: reallynow http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707502 reallynow Tue, 21 Apr 2009 01:57:28 +0000 http://www.techcrunch.com/?p=57685#comment-2707502 Too bad - before they fired half their staff and hired a bunch of semi-retired executives from big telco industry they had some good ideas. Too bad – before they fired half their staff and hired a bunch of semi-retired executives from big telco industry they had some good ideas.

]]> By: Rat Pointer http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707394 Rat Pointer Tue, 21 Apr 2009 00:36:28 +0000 http://www.techcrunch.com/?p=57685#comment-2707394 Charming... I do not know who you are, or who do you think I am (I assure you - I am not Mr. Stone)... Or why do you feel attacked that you have to defend your little sandbox with such ferocity. This was a civilized posting with some discussion until you started what some might seem as slanderous exchanges... I'm just curious - have you had any original ideas? Charming… I do not know who you are, or who do you think I am (I assure you – I am not Mr. Stone)… Or why do you feel attacked that you have to defend your little sandbox with such ferocity. This was a civilized posting with some discussion until you started what some might seem as slanderous exchanges…

I’m just curious – have you had any original ideas?

]]> By: Liar http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707282 Liar Mon, 20 Apr 2009 23:28:26 +0000 http://www.techcrunch.com/?p=57685#comment-2707282 The truth is Rat Pointer, that you copied this idea from another company that you continually harrassed during their early stages. You are the most un-original engineer ever. First you copy an Online CRM idea, then Text Message Marketing???? Don't you have any original ideas? The truth is Rat Pointer, that you copied this idea from another company that you continually harrassed during their early stages. You are the most un-original engineer ever. First you copy an Online CRM idea, then Text Message Marketing???? Don’t you have any original ideas?

]]> By: Rat Pointer http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707077 Rat Pointer Mon, 20 Apr 2009 21:18:47 +0000 http://www.techcrunch.com/?p=57685#comment-2707077 THETRUTHISOUTTHERE, another observation rat pointer is making is that you yourself have failed to identify using your own name, which suggest, by your analogy, a lack of 'stones'. THETRUTHISOUTTHERE, another observation rat pointer is making is that you yourself have failed to identify using your own name, which suggest, by your analogy, a lack of ’stones’.

]]> By: Self Server http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707050 Self Server Mon, 20 Apr 2009 21:06:32 +0000 http://www.techcrunch.com/?p=57685#comment-2707050 You are a whiner. You are a whiner.

]]> By: Ratpointer http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707047 Ratpointer Mon, 20 Apr 2009 21:05:27 +0000 http://www.techcrunch.com/?p=57685#comment-2707047 :o) Sweet, but wrong. Rat pointer is not Eric Stone. Rat pointer is an observer pointing a rat. Rat pointer did not feel the need to name names, or descend to childish mannerisms which is a shame to see mr x files do. What occured in Kadoink during the time the founders left was shameful. I was in the opinion that the CEO was taking the investors for a ride but that's my personal view. I know the founders tried to fight to keep THEIR company under THEIR control, and they fought hard yet failed, and that is sad. What would you have done had it happened to you? I also know that the founders did their best not to harm to the company and keep the dispute in house in order to maintain its share value. Shame how it all ended up as. I completely agree with Moron Alert above. He's hitting it bang on the dollar. :o )
Sweet, but wrong. Rat pointer is not Eric Stone. Rat pointer is an observer pointing a rat. Rat pointer did not feel the need to name names, or descend to childish mannerisms which is a shame to see mr x files do.
What occured in Kadoink during the time the founders left was shameful. I was in the opinion that the CEO was taking the investors for a ride but that’s my personal view. I know the founders tried to fight to keep THEIR company under THEIR control, and they fought hard yet failed, and that is sad. What would you have done had it happened to you? I also know that the founders did their best not to harm to the company and keep the dispute in house in order to maintain its share value.
Shame how it all ended up as. I completely agree with Moron Alert above. He’s hitting it bang on the dollar.

]]> By: Kadoink Seized by Creditors, Report Says - DealBook Blog - NYTimes.com http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2707008 Kadoink Seized by Creditors, Report Says - DealBook Blog - NYTimes.com Mon, 20 Apr 2009 20:45:56 +0000 http://www.techcrunch.com/?p=57685#comment-2707008 [...] Go to Article from TechCrunch » [...] [...] Go to Article from TechCrunch » [...]

]]> By: THETRUTHISOUTTHERE http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2706977 THETRUTHISOUTTHERE Mon, 20 Apr 2009 20:31:06 +0000 http://www.techcrunch.com/?p=57685#comment-2706977 Peter, Rat Pointer is Eric Stone...co-founder of Kadoink and the matermind of its disaster...I should also mention that he has a legal impediment to spewing crap like he did above...which is is violating. What an ass. Peter,

Rat Pointer is Eric Stone…co-founder of Kadoink and the matermind of its disaster…I should also mention that he has a legal impediment to spewing crap like he did above…which is is violating. What an ass.

]]> By: THETRUTHISOUTTHERE http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2706955 THETRUTHISOUTTHERE Mon, 20 Apr 2009 20:15:34 +0000 http://www.techcrunch.com/?p=57685#comment-2706955 Everyone, Rat Pointer is Eric Stone, one of the founders of Kadoink. His behavior was so outragious during is stay in the company that he was asked to leave...he did things like taking the source code, turning off the bug database. In short, he did his best to flame the company on his way out as he is in this thread. The shame of it is that he did not have the "Stones" to use his real name here but prefers to stay in the closet. It makes me wonder what else he is doing in the closet. Eric went on to work at Shattered Reality...a soon to be failed startup. Now...he has nothing better to do than to react to a failure that he significantly contributed to. Everyone,

Rat Pointer is Eric Stone, one of the founders of Kadoink. His behavior was so outragious during is stay in the company that he was asked to leave…he did things like taking the source code, turning off the bug database. In short, he did his best to flame the company on his way out as he is in this thread. The shame of it is that he did not have the “Stones” to use his real name here but prefers to stay in the closet. It makes me wonder what else he is doing in the closet. Eric went on to work at Shattered Reality…a soon to be failed startup. Now…he has nothing better to do than to react to a failure that he significantly contributed to.

]]> By: CLO http://www.techcrunch.com/2009/04/19/kadoink-seized-by-creditors/comment-page-1/#comment-2706916 CLO Mon, 20 Apr 2009 19:49:10 +0000 http://www.techcrunch.com/?p=57685#comment-2706916 Patting my back as I told a recruiter less than a year ago to NEVER bring me any opportunities like Kadoink (after meeting with them) ever again!! Kudos to 'moron alert' above... you hit the pinhead on the head! ;) Patting my back as I told a recruiter less than a year ago to NEVER bring me any opportunities like Kadoink (after meeting with them) ever again!! Kudos to ‘moron alert’ above… you hit the pinhead on the head! ;)

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