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This was a really tricky balance. We could have let some people go earlier to extend runway and maybe give us more time to optimize an exit, but at the cost of
by johns 11y ago
This was a really tricky balance. We could have let some people go earlier to extend runway and maybe give us more time to optimize an exit, but at the cost of morale and perhaps a subsequent talent drain. We also knew the people were going to be a focal point for an acquisition so the more good people we could keep around, the better our value to an acquirer. All things considered we ultimately choose to hold on to as many of them as we could for as long as we could while trying to be transparent about our status so they could decide if it was worth it for them to hang around.
- gopherstew 11y ago> All things considered... This sounds like an impossible balance to the detriment of people.
- stephenitis 11y agoThanks for sharing this perspective. It's a testament to the the tools and infrastructure that your team built that a two man team can keep Runscope in a cash positive holding pattern. If this is rock bottom then Runscope is far more resilient than the sea of other non revenue generating companies in this environment. again. props for being open. hope you get to share more lessons as time heals.