Former CEO of OnLive, Steve Perlman has some bad news for the employees of the recently sold company.
“Most of the people will not be coming on board.” Said Perlman during a meeting with all of the present staff members.
“I’ve been a non-stop fundraising machine, and I finally got to the point where I just could not bring in enough funding to carry this thing forward.” Explained Perlman to his staff members.
Perlman noted that a few core staff may be staying on the company, but carrying the entire staff employment was too much for the new, yet undisclosed owner to handle.
Perlman went on to praise the new owner as being an “extraordinary guy”, as well as a “very accomplished and well known venture capitalist”.
This would prove to be an ease in to his worst news of the meeting. “Here’s the tough part, and this is the thing I’m very sorry to say: it’s just not possible for one individual in a startup – whether it’s that old startup or this new startup – to bring in this many people into a company…the people that come on board are the essential people, as needed, to go and accomplish that goal of getting this thing to cash-flow positive.”
There has been a lot of uncertainty regarding the future of the company as of late. Brian Jacquet, Head of Corporate Communications for the company, eased some of the fear by noting during a Forbes interview “No, let me be clear. We are not going out of business.”
Furthermore, an email has been put forward to state the current status of the company.
“We can now confirm that the assets of OnLive, Inc. have been acquired into a newly-formed company and is backed by substantial funding, and, which will continue to operate the OnLive Game and Desktop services, as well as support all of OnLive’s apps and devices, as well as game, productivity and enterprise partnerships. The new company is hiring a large percentage of OnLive, Inc.’s staff across all departments and plans to continue to hire substantially more people, including additional OnLive employees. All previously announced products and services, including those in the works, will continue and there is no expected interruption of any OnLive services.
We apologize that we were unable to comment on this transaction until it completed, and were limited to reporting on news related to OnLive’s businesses. Now that the transaction is complete, we are able to make this statement.”
Employees of the company are not happy regarding their future. Many have gone as far as to state that Steve Perlman is at fault for the demise of the company in it’s current state. These grounds are due to claims that the former CEO refused to sell the company to buyers such as Microsoft, and even HP.