We've seen a rash of these "bad news bears" articles lately. It's important to note that this stuff has always existed in some startups, and it isn't inherently

We've seen a rash of these "bad news bears" articles lately. It's important to note that this stuff has always existed in some startups, and it isn't inherently bad - it's a natural consequence of taking so many risks on inexperienced founders and managers. Some will train a new management elite, some won't quite grow into their expectations and some will devolve into Lord of the Flies. It's just that as the tech market becomes softer, people stop deciding "my stock will go up" is a good reason to put up with terrible management. The hard part for people in startups is having the courage to walk away when things are still growing without a care.