! Failure to embrace cloud/SaaS crippled competitive position.
! Loss of sales executive and driving force Kelly Wright.
- Founders cashing out of stock, disengaged from company.
- Second string, nepotist, discriminatory management. Toxic Microsoft ideology.
- Huge technical debt, deteriorating dev and support teams.
- Saving a few bucks by recruiting third string (technical) talent.
- Unattractive stock, no 401k match.
- Tenuous balance sheet due to ballooning expenses, overbuilding, and exposure to commercial real estate.