4 ms·
Hilariously 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"
by nathancahill 10y ago
Hilariously 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.