Here is an example a promising innovative web startup getting killed after its acquistion by a major company. Jumpcut which developed one of the best online video editing services is being shut down by yahoo. Yahoo acquired jumpcut in 2006.
Yahoo’s closure of their Jumpcut
video service feels like the slow peeling off of a bandaid. In December they announced that no new videos could be uploaded, but that they “will be keeping the Jumpcut site up and running for the foreseeable future.”
Apparently the foreseeable future ends in June, when the site will be shut down.
This is the reason why I don’t like innovative startups getting acquired by big companies before they reach their immense potential. It may very well be that jumpcut may have died even if it was an indenpendent company, but it would have innovated a lot more and would have had a better shot at surviving. It is sad to see jumcut die. RIP.