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This is disappointing to read, given I love what 18F has done. No matter whether we think they should be breaking even or not, they shouldn't be creating wildly
by nowarninglabel 10y ago
This is disappointing to read, given I love what 18F has done. No matter whether we think they should be breaking even or not, they shouldn't be creating wildly inaccurate revenue projections and then falling drastically short of them. That looks like something is going drastically wrong with management there, especially considering greater macroeconomic conditions have not changed drastically enough in a way that would cause something like this. I'd hope there is something other explanation though.
- ajju 10y agoHow many fast growing startups have accurate financial projections?
- deleted 10y ago[deleted]
- personjerry 10y agoBut most [investors|employees] disapprove of bad projections.
- jonathankoren 10y agoThat's typically a hindsight position.
- 234dd57d2c8db 10y agoThe difference is, I can choose to buy a startup's product, or I can not and watch them go bust with someone else's money. This is the government, they take your money by force and you are forced to "purchase" the "product". Because you have no choice, it would be amoral to treat the government like a startup and compel citizens to fund this "product".
- deleted 10y ago[deleted]