You should note that OP actually asks three questions: #1 What now #2 Should OP contact the startups #3 What to do first, while also adding they don't know what's involved in selling a resource like this.
If they wanted a detailed question of what to do AND WHY, they could pay a consultant. A consultant would go over around the same points as duelingjello, but also explain why. As an Internet forum answer, it honestly goes above and beyond.
The answer basically strips into two -- first get rid of any and all 'ball and chain' from the old company, existing customers setups and data. Then put the IP to work, making money.
The answer does skip over the general unasked question of "Can I just sell the code?" to which the answer is generally "no." You'd need an existing enterprise or source that knows the code, wants the code and can use the code, which in the modern age is just not going to happen: Startups come and go and everybody wants to make their own solution. Most engineers I know would look at "existing code" as bloat or a hindrance in general, and would look at it as "a sales team problem." If anything, you'll get peanuts for selling the actual code itself.
Building a new enterprise that has a technical team to handle the code and a sales team to sell the code, potentially with an existing customer base sounds like a much better plan. Does it involve risks? Yes. Does it still answer OP's question of wat do? Absolutely.
If they wanted a detailed question of what to do AND WHY, they could pay a consultant. A consultant would go over around the same points as duelingjello, but also explain why. As an Internet forum answer, it honestly goes above and beyond.
The answer basically strips into two -- first get rid of any and all 'ball and chain' from the old company, existing customers setups and data. Then put the IP to work, making money.
The answer does skip over the general unasked question of "Can I just sell the code?" to which the answer is generally "no." You'd need an existing enterprise or source that knows the code, wants the code and can use the code, which in the modern age is just not going to happen: Startups come and go and everybody wants to make their own solution. Most engineers I know would look at "existing code" as bloat or a hindrance in general, and would look at it as "a sales team problem." If anything, you'll get peanuts for selling the actual code itself.
Building a new enterprise that has a technical team to handle the code and a sales team to sell the code, potentially with an existing customer base sounds like a much better plan. Does it involve risks? Yes. Does it still answer OP's question of wat do? Absolutely.