About a year and a half ago, just after leaving Sylantro, I wrote my own analysis of Sylantro and their market. At the time I could not see the market sustaining two competitors or either of the companies changing enough to branch into new markets. My opinion was that they needed to merge to survive. Maybe I was not so far off.
While working there, I expected Sylantro to be the dominant company in that market. Unfortunately there was a series of management blunders that really derailed Sylantro. Pete is a great guy and a great visionary. I am sorry to see his company fall. Hopefully Broadsoft treats the remaining folks well and they manage to have success.
When I left, I had the option to but a bunch of shares. As I considered it, I happened to meet a very successful investor. His advise to me was to only invest, whether it be $1 or a million bucks, if you think you are going to make money. I had no illusions that Sylantro would never be public or be acquired for enough money that I my stock would have any value. I chose to let the offer expire. Friends tell me that not only was the acquisition material received past the deadline, but their shares are worthless anyway. I seems this was a hush and rush job. I am glad I got some good advice at the right time.
Goodbye Sylantro, we had fun and did some great things.
Edit: The forbidden T-Shirt.