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What VC board of directors is going to support that? Are we supposed to believe they didn't game the numbers out on this? That attrition wouldn't hold sway? I
by rhizome 9y ago
What VC board of directors is going to support that?
Are we supposed to believe they didn't game the numbers out on this? That attrition wouldn't hold sway? I don't believe it, and any attempt by them to "I'm just a simple caveman, unfamiliar with your society" an excuse lies in high tension with "$100MM in funding."
I think the simplest explanation is that moving to focus on bigger-ticket patrons destroyed their brand.