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You have literally quoted the SV mantra.
by JustSomeNobody 10y ago
You have literally quoted the SV mantra.
- nathancahill 10y agoHilariously true, since the mantra is purported to be "fail fast" and not "prop up on VC money than fail spectacularly years later when it runs out"
- rrdharan 10y agoI honestly don't think this counts as a spectacular failure. It's not like the entire company imploded. Spectacular failure is, I dunno, like Fab.com, Color Labs, or maybe Megaupload. The Medium situation looks a lot more like Mixpanel to me. They overhired, they are laying off. Business are actually supposed to be able to do that, in a functioning flexible labor market, and I don't see why we should vilify them specifically.