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This reminded me of the preposterous "RASCI" at Ebay. I never know what to think of articles like this where the subject matter basically is an example of the
by pbreit 11y ago
This reminded me of the preposterous "RASCI" at Ebay.
I never know what to think of articles like this where the subject matter basically is an example of the opposite. Square probably has some of the worst decision-making amongst peer companies. It had pretty much a monopoly on new age SMB card present credit card processing and has appeared to throw much of that away by deciding to go into all sorts of unrelated businesses. It ceded $5b of market value to Stripe. Has been ridiculously slow to expand internationally and bring out Apple Pay devices. And continues to burn precious resources on unrelated, losing businesses like food delivery. And now SPADE? Serenity now.
- jpollock 11y agoRASCI is a great model to reduce stress. If people are making stupid decisions that you don't agree with, if you're not Responsible or Accountable, it makes it much easier to let go after you've informed the people who are. After that, it then becomes a decision of whether or not you wish to be part of the organisation, and not whether or not you're doing a good job.
- icelancer 11y agoCompletely agree. Square promised and promised an API for payments and I bothered them and bothered them when my business was small and fledgling. They never delivered, Stripe stepped in, and then Square half-assed it with the Marketplace. Now I ship seven figures through Stripe and I'm sure many other businesses do as well. There is no reason this should be the case.
- chillydawg 11y agoVoting with wallets is a magical thing :)
- bhahn 11y ago> It ceded $5b of market value to Stripe Not just Stripe. Braintree, I've heard, is comparable or bigger.