Word has gotten to me today through many blogs that GridNetworks is being acquired, or merged with another company.
I don’t know any more than any outsider knows. I’ve spoken with several of the early investors in Grid today, and they are in the dark as well. Just to clarify I’ve kept my mouth shut about any rumors I’ve heard and WAS NOT the source of the leak to the press about this. In fact, it is entirely possible this is ALL rumor, I really do not know what is going on.
I’m still a common and preferred shareholder, so I suppose I will find out the terms of the rumored deal after the board approves of the acquisition. Of course, that will be confidential so don’t come asking me, because I won’t tell you. Anything you’ll learn about this will come through official channels, not through me.
A lot of people have asked me today why I left the company in December of 2007, which was just a couple months post-venture funding. I knew one day I’d tell the story, and have kept closed lips until now. This is ALL I will say on the subject, and after this post is written, I won’t speak about it in public again.
First off, let me correct some myths:
SOUR GRAPES:
In fact, I don’t have any sour grapes over GridNetworks, nor towards Jeff Payne or Tony Naughtin. Several of my friends still work there, and I keep in contact with them as well as others that also chose to leave the company. Listen, it’s in my best interest that Grid does well, because I’m a shareholder. It’s true that Jeff Payne and I did have very large disagreements about the direction of the company, but Jeff is one of the hardest working guys I know, and has stewarded Grid for a long time. If there is one thing I can say about Jeff is that he is tenacious, intelligent, and very smart. However, some our professional disagreements eventually did turn personal. Being in a startup is a pressure cooker, and it does sadden me that Jeff and I probably never will have a personal relationship again. But I choose to take the high road and move onto the future, rather than dwelling on the past. Jeff also has chosen to take the high road and has been working hard at besting all of Grid’s opportunities, of which there are many. Today is the most I’m going to ruminate on the past because I’ve gotten so many emails and phone calls, and leave it at that.
FOUNDER:
Gregg Garrett, Andrew Edmond, and Steven Ohmert founded Scream Networks in January of 2005. We were looking for a high caliber CEO, and Jeff lived on Vashon where Steve and I lived and we showed him the product prototype in April of 2005. Jeff was just the type of guy we were looking for. Well regarded, established, could help fund the company, and had a history in this space from Real Networks, which is where I met Jeff when I was 24. Jeff helped fund Scream with me, and when it came time to bring him on as CEO, he insisted we create a new company (in Delaware, Scream was incorporated in Washington State) with his attorney, we did a transfer of assets and liabilities, and Garrett left the company to pursue other interests. We renamed the company to GridNetworks. About that time I signed a NDA with Grid and really can’t say much about the operation of Grid past that date.
WHY I LEFT:
I worked on Scream for approximately 10 months before Grid was actually incorporated (in August of 2005), without pay. I continued to work for Grid without pay for another 8 months, and my days were 10-14 hours long, and I had a young son at the time (under a year old). I considered Scream/Grid an excellent opportunity and was very proud of the technology that Steve and I built. We did hire people at the time, and Jeff did fund the lion share of Scream/Grid past the summer of 2005 along with many smaller angel investors (I already was in the six figures of personal investment). Like I said, I can’t say anything about the company’s inter-workings past it’s incorporation, other than to say we did raise 9.5M which closed in October of 2007. The firms investing were Panorama, Cisco, and Comcast, which is all public knowledge. This is roughly about the time Tony Naughtin came in as CEO and Jeff stepped down to a CTO role. By that time, personally, I felt I had given Grid everything I had to give. I’m an innovator, hard working, creative founder type, and it seemed the company was well on it’s way to success. My role there would not have been interesting to me, so I left.
The long hours had begun to take it’s toll on my family life, and I promised my girlfriend to take her on a road trip for a year, and that’s what we did. I bought a 38″ Fifth Wheel and a 2008 Chevy 2500 HD and we spent almost 10 months on the road seeing the states. It was a great relief, and though I was now a Grid outsider, I wished them all well, and stayed in touch with many of the employees. It did bother me to hear that Jeff never mentioned me as the founder, and that he claimed that he was the founder, and that the technology was his idea, but in my mind if that’s what Jeff needed, I didn’t care to dispute it.
WHAT I THINK NOW:
I don’t know what to think of the news that came out today. I certainly had heard rumors, but like I said I’m in the dark as much (probably more) than anyone else. I think Grid’s technology is fantastic (I built a lot of it!) and if there is anything I’m sad about it’s that some relationships got heated in the pressure of a startup and that some of them are broken past the point of recovery. I can’t take full blame for that, but I will definitely take my share. Anybody that’s been in a startup, knows that the interpersonal pressures - especially as a founder - can be very tough.
WHAT I’VE BEEN UP TO:
I’ve been consulting here and there after we got back from the road trip - I just did a large contract with Wizards of the Coast - and have been consulting on a lot of scale / infrastructure jobs for other well known companies. In addition, I’ve been bootstrapping a new company/product in the mobile space, and am again working long hours to get the project completed on top of my consulting work.
LESSONS LEARNED:
I learned a lot at Grid. Every experience helps shape us - the bad and the good - and the result is that the overall experience was great. Are there things I wish I could have changed about my time at Grid? Absolutely. Are there regrets I have? Not at all. I did the best I could, learned a lot, and met a lot of fantastic people that I hope to be lifelong friends with.
THE FUTURE:
This is the last I will say of Grid for a long, long time, if ever. Anybody that approaches me, as many people have today, will be directed to this post, and it should answer most of the questions I have received, or will receive about Grid.
What I’m working on now is a new mobile gaming platform along with finishing up some long term consulting contracts. More news on this as I can share it!
Andrew