2 ms·
I think both sides on "too little time" are right. It's certainly true that going slow and steady and waiting for the incumbent to show weakness is sometimes a
by cookiecaper 9y ago
I think both sides on "too little time" are right. It's certainly true that going slow and steady and waiting for the incumbent to show weakness is sometimes a viable strategy, and that it can take a long time for communities to grow from a handful of users to millions.
It's just that when you take $8M+ of VC money, they don't want to wait around. They want "dat hockey stick" within a couple of quarters. I think it's wise and honorable for Imzy to recognize that they're unable to satisfy those conditions and bow out instead of continuing to blow investor money and keep the staff on a dead-end job.