Cover is joining Twitter
blog.coverscreen.com
blog.coverscreen.com
tl;dr: Cover will die a slow, unmaintained death while the former Cover employees work on completely unrelated Twitter projects. Oh well.
I think it's the point of the author of the comment here.
This happens so often it would be great to have a standard and clear expectations.
For example, what happens when "Cover" is discontinued, but it got bought for the underlying technology? It needs to be open sourced because of that.
I had the idea before starting Floobits (YC S13 yadda yadda), and of course, we've made a pledge: https://floobits.com/pledge
This helps the company as well as customers. People are more likely to adopt your product when they know you'll give them the source code if your company dies.
It's helped in subtle ways that I didn't predict. For example: If I ever think of taking shortcuts or building embarrassingly bad software, I remember that the public will likely see this code one day.
If you run a company, consider making a responsible sunset pledge. If you use a SaaS tool, consider asking that company to make one.
1. http://geoff.greer.fm/2012/09/19/a-responsible-product-sunse...
Why, exactly?
This probably won't be a popular view on HN, but I think a lot of people complain about companies shutting things down for the sake of complaining.
Cover was a free, beta application with a very limited number of users. There was no personal data saved by it and no future plans announced. For those users Cover will continue to work today like it did yesterday. And yet the top voted comment is complaining about it being shutdown. Pfft!
In general, customers want a supported product (eg, the endless complaints about every single startup bought by a larger company, even when they completely open source their product).
In most cases a pledge like this puts extra restrictions on what a startup can do. I'm not saying screw over your customers if you get bought, but making a pledge is completely different to building some kind of data export facility if it ends up being needed. Why take on challenges that you don't need?
In some cases (typically enterprise focused) some kind of business continuity plan is absolutely appropriate. In many consumer-focused app start ups? Not so much.
About open sourcing the code : If the acquiring company sees the "existing" product as IP even if they do not see the product/service making (enough?) money - they may consider the "code" as IP. In such case - the acquired company may not be "legally" allowed to make the code open source.
"When we started FooBar.io $n years ago, we had $VISION_WITH_RAINBOWS_AND_UNICORNS in our young eyes.
...
It’s been an incredible journey and we are proud of what we've accomplished in the last $n years.
...
We were surprised when $BigCo approached us in the spring. But as talks progressed, we realised our magnetic fields were super aligned and in fact we are twins separated at birth, merely waiting to be reunited.
...
(Yes, we were building $mobifotosocioapp for Android, whereas BigCo is an ad retargeting corporation for iOS, so we may look very different, but actually it's turtles all the way down.)
...
With all the free snacks and Rifts now at our disposal, we can march forth with double the speed in achieving our real mission which was always actually about whatever BigCo's mission is right now.
...
None of this would have been possible without you, our amazing users. So, for you, we have a special something.
...
We won't simply admit that we'll be ignoring and soon shutting down your beloved app. Instead, let's pretend that everything's gonna be the same and we'll update you when "something changes" and give you ample time (at least 3 hours) to download your data in the extremely unlikely case that we pull the plug.
...
You guys are the best. Thanks for making us rich. Love from Jo, Flo, Beau, Mo and $obligatory_pet."
At the least, if it gets pulled or falls into abandon, that's opportunity for someone else to fill the spot. There are obvious ways to improve Cover (like picking a time interval for it to default to Work mode--it is pretty bad at detecting Work mode in general IME). It would also be nice if you could customize the number of apps that show up in the app switcher (mainly useful on large devices like a Note 3).
How does that usually work?
In general I think acquihires are moderate successes for the founders. Not just financially but external validation of their collective skills as a team.
I bet the investors get their money back, the founders of Cover get $2m - $4m each in stock alone (vesting over 4 years of course), and the employees get $500k / year in total comp.
The $1.7M investment was a seed round (in Oct 2013), with lots of individuals putting money in[1]. If it were bought for say $20M (who knows?) then I'm pretty sure those seed investors would be happy with their 5x to 10x returns (depending on liquidation preferences) in 6 months.
If it were bought for $5M, then not so much. But if it was only $5M on the table I doubt they would have sold that quickly.
I do understand the situation better than most however because I've been there in a startup when the end is there and you're faced with acquisition to hire talent or closing the doors. You face it every day as time runs out and your runway shrinks. You face it a thousand times until you finally make a decision you were avoiding for a long time. It's not fun. So if these guys are happy it's probably because a weight has been lifted of their chest, not because they succeeded.
I would put money on Cover being a WhatsApp success story in 3yrs. Oh well, there must have been some internal issues we don't know about.
Hope someone steps up quickly to fill the gap!
Based on "Cover will remain available in the Play Store while we focus our attention on our work at Twitter," it's unlikely that it will receive updates, and may get pulled altogether soon.
Cover is (was?) a phenomenal addition to my Android experience.
It was also very useful how i could just drag a bit on an icon and get a peek of what the app is doing.
It was also useful how from any screen I could drag from the upper-right and get a sort of alt-tab list of recent apps that involved less tapping around than hitting the Android multitasking button and then which running app i wanted.
"Sparrowed!"
(I am imagining it being said in the Strongbad/Teen Girl Squad "Arrow'd!!" voice)
To bad it's going to die :(
(Several minutes later) Installed it. It fired bunch of network connections right at the startup and doesn't even worked without registering with some cloud service telling me it needs one to just "install" (like I didn't install it already). I really don't get why such app would need cloud junk except for spying^W metadata analysis and/or advertising. Oh, right, an important feature to back up the fact I browse HN in the morning should work as an excuse.
Guess, nothing of value was lost, then.