On: Otonomo, with nearly $55M in funding, is cloning our product

[otoburb]

If they go down this route, SmartCar should ask for at least their post-money valuation based on their last $10M raise back in March 2018[1], not just a "couple of million".

[1] https://www.crunchbase.com/organization/smartcar#section-ove...

[stale2002 → otoburb]

No judge would agree to that as damages.

The smart car documentation is worth some amount of money. But there is no way in hell that it is worth 10 million dollars.

In law, there is this concept of "damages". Smartcar did not get lose 10 million dollars because a company stole their docs.

[otoburb → stale2002]

Unless I misunderstood, the parent comment referred to a buy-out/acquisition route, which is where SmartCar should ask for at least a post-money ballpark figure -- no judge involved in an acquisition process.

If SmartCar goes for damages, then that's an entirely different ball of wax.