Some people believe the End of Value Networks is some type of  “modest business financial restructuring.” Not so.

Value Networks is gone, finished, kaput. According to a written announcement, by the CEO, on 5 May 2011, effective 1 June 2011, Value Networks is being wound-down and dissolved.

Dissolution and Terminating a Limited Liability Company is a very specific and detailed legal activity. It requires detailed filings at multiple levels by legal specialists. 

Specifically, the assets, IP, code, brand, logo, Website, blogs, customers, accounts, lists, servers, marks, applications, etc., are distributed to the debtors and LLC owners, e.g.,

“First, you need to wind down all affairs of your business and pay off all debt. Once wound down, if there are any assets left over, they need to be distributed to the members in accordance with the dissolution provisions of the LLC operating agreement.”

The outcome is shuttering of the business and ceasing all operations. A Certificate of Termination is issued by state authorities, e.g.,

Once a company is dissolved, there are no operations, no support, no licenses, no users, no customer, no Websites, no blog, no services or other activities. Anything else is in direct violation of many laws and tax codes. In short, when a company is finished, it’s finished.

There is no Value Networks drama. The firm simply rejected product management, routine marketing and everyday customer development activities for its offerings. The outcome is VNA road kill. That’s all. 

 Like Value Networks, narcissistic method consultants and swaggering business dilettantes try to build startups all the time. Too often, as in this case, they breath their own exhaust. They are conspicuously indifferent to the only requirement of startups: talent and customers.

These blowhards are suffocated by their own method hubris. Meanwhile, for Value Networks, unctuous acolytes were too craven to exclaim, ‘The emperor has no clothes!’

As the short Danish children’s tale goes, people that could not see the benefits of Value Networks were just ‘too hopelessly stupid.’ 

The siren song of collective ignorance strikes again!

For Value Networks confident failure was not only predictable, it was guaranteed.    

Value Networks comeuppance is a teachable moment. Pursue proven startup talent and focus on customers… or face the painful and costly consequences.