Comment by bjornsing

I agree with the conclusions, but the premise that “source code is worthless” is click-baity and misleading.

After having gone through a few M&A discussions with a high-tech software startup this is how I think about it: Nobody wants to buy just the source code. Talent / team that is used to work together and has proven itself has some value (i.e. “talent acquisition”), but valuation won’t be very high. What’s really valuable is talent and code (with IPR rights) combined.

But don’t think you can put the source code on GitHub under an MIT license and it won’t affect your M&A discussion... ;)