OnLive CEO Reports That Most Staff Will Not Be Re-Hired by New Owner of the Company

<p>Former CEO of OnLive&comma; Steve Perlman has some bad news for the employees of the recently sold company&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Most of the people will not be coming on board&period;&&num;8221&semi; Said Perlman during a meeting with all of the present staff members&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I&&num;8217&semi;ve been a non-stop fundraising machine&comma; and I finally got to the point where I just could not bring in enough funding to carry this thing forward&period;&&num;8221&semi; Explained Perlman to his staff members&period;<&sol;p>&NewLine;<p>Perlman noted that a few core staff may be staying on the company&comma; but carrying the entire staff employment was too much for the new&comma; yet undisclosed owner to handle&period;<&sol;p>&NewLine;<p>Perlman went on to praise the new owner as being an &&num;8220&semi;extraordinary guy&&num;8221&semi;&comma; as well as a &&num;8220&semi;very accomplished and well known venture capitalist&&num;8221&semi;&period;<&sol;p>&NewLine;<p>This would prove to be an ease in to his worst news of the meeting&period; &&num;8220&semi;Here&&num;8217&semi;s the tough part&comma; and this is the thing I&&num;8217&semi;m very sorry to say&colon; it&&num;8217&semi;s just not possible for one individual in a startup &&num;8211&semi; whether it&&num;8217&semi;s that old startup or this new startup &&num;8211&semi; to bring in this many people into a company&&num;8230&semi;the people that come on board are the essential people&comma; as needed&comma; to go and accomplish that goal of getting this thing to cash-flow positive&period;&&num;8221&semi;<&sol;p>&NewLine;<p>There has been a lot of uncertainty regarding the future of the company as of late&period; Brian Jacquet&comma; Head of Corporate Communications for the company&comma; eased some of the fear by noting during a <em>Forbes<&sol;em> interview &&num;8220&semi;No&comma; let me be clear&period; We are not going out of business&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Furthermore&comma; an email has been put forward to state the current status of the company&period;<&sol;p>&NewLine;<p><em>&&num;8220&semi;We can now confirm that the assets of OnLive&comma; Inc&period; have been acquired into a newly-formed company and is backed by substantial funding&comma; and&comma; which will continue to operate the OnLive Game and Desktop services&comma; as well as support all of OnLive&&num;8217&semi;s apps and devices&comma; as well as game&comma; productivity and enterprise partnerships&period; The new company is hiring a large percentage of OnLive&comma; Inc&period;&&num;8217&semi;s staff across all departments and plans to continue to hire substantially more people&comma; including additional OnLive employees&period; All previously announced products and services&comma; including those in the works&comma; will continue and there is no expected interruption of any OnLive services&period;<&sol;em><&sol;p>&NewLine;<p><em>We apologize that we were unable to comment on this transaction until it completed&comma; and were limited to reporting on news related to OnLive&&num;8217&semi;s businesses&period; Now that the transaction is complete&comma; we are able to make this statement&period;&&num;8221&semi;<&sol;em><&sol;p>&NewLine;<p>Employees of the company are not happy regarding their future&period; Many have gone as far as to state that Steve Perlman is at fault for the demise of the company in it&&num;8217&semi;s current state&period; These grounds are due to claims that the former CEO refused to sell the company to buyers such as Microsoft&comma; and even HP&period;<&sol;p>&NewLine;<p>&lpar;Via <a href&equals;"http&colon;&sol;&sol;www&period;idigitaltimes&period;com&sol;articles&sol;10857&sol;20120818&sol;onlive-ceo-steve-perlmans-stinging-last-words&period;htm" target&equals;"&lowbar;blank">iDigitalTimes<&sol;a>&rpar;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;