I think it was Monty Python that said that “death is life’s way of telling you to slow down”.

According to reports from friends, Sensor Logic has lost its lead investors confidence. The site looks sort of dormant and you can see that the asset needs to be tracked before it becomes a 404 error.

Most times the problem that shows up in the boardroom is one of confidence. The team has either failed to execute a vision or milestone that was considered critical, or the team has revealed a plan that the board finds boring.

Being VC funded is always a bet on acceleration. Otherwise the VC is not needed, so it is safe to assume that something has stalled.

If the problem is one of sales, then the platform may have salvage value. Looking at the partnerships that have occurred in the recent past it may be the acquirer has already been revealed.

If the problem is one of technology, the logical acquisition is of the customer assets by a competitor.

The problem for remaining members of the board is a natural tendency to want to continue. 

Having just finished reading the Walter Isaacson’s biography of Steve Jobs (News - Alert), it comes across that kicking Steve out of Apple was the best thing that could have happened at the time for both Steve and the company.

On the other hand, the immediate pain is often hard to get through. My personal experience is that the people along the way are the most important asset, and it is my hope that the ship rights itself quickly.

Platform consolidation is a good thing. I had expected it to be more vertically focused but as of today, its more horizontal.

Perhaps that’s the revelation we should be taking right now; that diversification of use is important.