5 ms·
Why not? Give your employees a life boat and some time to move on. I know some people who were at Ride well after it was clearly not going to work out. They all
by ch4s3 10y ago
Why not? Give your employees a life boat and some time to move on. I know some people who were at Ride well after it was clearly not going to work out. They all had breathing room to find good fits at new companies. Sure it burned a bunch of cash, but it lowered the human cost of the failure.
- maxxxxx 10y agoThat's a good point and a nice side effect but in general nobody gives a damn about the employees. This is most likely not the real reason.
- jdmichal 10y agoThe founders are employees too...
- ch4s3 10y agoI think when the ship is sinking, even the captain(ceo) is trying to buy time to plan a next move.
- mgraczyk 10y agoThis is a pretty naive viewpoint. In many small startups, the founders and employees are close friends and have long personal histories, not to mention futures together. Founders are typically not stupid, and won't burn bridges just to role-play a capitalist caricature.
- elastic_church 10y agoBut Type-A would be fun, they said!
- joatmon-snoo 10y agoI don't know if I would describe Elizabeth Holmes as your typical founder...
- maxxxxx 10y agoAt a company that size the founder and investors maybe care about the next one or two levels of management. The rest don't matter. They most likely don't even know people further down.
- maverick_iceman 10y agoI'm pretty sure Elizabeth Holmes doesn't give a fuck about employee well-being.