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Vampires can't enter a house uninvited.
by bluetwo 10y ago
Vampires can't enter a house uninvited.
- throwanem 10y agoNot really a parallel. But perhaps it'd be easier for founders of doomed companies to accept the state of affairs if he provided them a Beetlejuice-style document - a "Handbook for the Recently Delisted", perhaps? The title needs some work, but I'm sure you can see where I'm going with this.
- CalChris 10y agoReally, this guy is not a vampire. He's the grim reaper. I worked for a startup that got shutdown. Don't like failure? Don't work in Silicon Valley. Anyways, Cisco (our probable exit strategy) leaned ever so slightly in the other direction and the VCs pulled our funding. But they also sent in a turnaround guy to reposition us for either the direction Cisco ever so slightly leaned in (soon to lean back) or something else. Guy was the biggest asshole in the world. Moving the company to Microsoft Exchange is not a worthy accomplishment for a turnaround executive. Two weeks later, he shut us down for good but not before putting his 8 months pregnant wife on the insurance plan. This was a strange detail given that he was worth about $20M. This guy had taken the job to shut us down. He then brought in a squadron of his buddies who shut us down properly and put a bow tie on it only after laying off everyone else. Basically, he sucked a lot of money out of the VCs. I occasionally Google'd him to figure out if he'd ever done anything afterwards of any merit. Nope. That guy was a vampire.
- dmix 10y agoThis is why the word "suit" exists. There's smart people who contribute value and build companies, clever guys who make money skimming off the top off smart people via finance, and then there are suits who leach off the other two, with no redeeming value.