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This is how funded startups work. Google and Facebook both grew headcount ahead of revenue. It's basically a hack to use a pile of cash as a business accelera

This is how funded startups work. Google and Facebook both grew headcount ahead of revenue. It's basically a hack to use a pile of cash as a business accelerant. Management/founders are in the business of making bets. Sometimes these bets don't pay off-- that doesn't mean it's an "utter" failure in decision making... And these employees aren't "suffering". There are two possible outcomes when you go to work for a heavily funded company and this is one of them. I agree with you about Digg's not-so-bright future.

ceejayoz 16y ago
> Google and Facebook both grew headcount ahead of revenue. Ahead of revenue, sure, but they were increasing revenue, traffic, and moving towards profitability. Spending like mad and going nowhere is a different thing entirely.
- enjo 16y ago
  That only works in hindsight.
- webwright 16y ago
  The "going nowhere" part happens AFTER the spending like mad part. The all spent like mad in the hopes of going somewhere. Some of them end up being right, which can be a result of clever planning, a runaway market, or blind ass luck.