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Or maybe… "we prefer not to compete against competitors burning VC money".
by microtherion 7y ago
Or maybe… "we prefer not to compete against competitors burning VC money".
- mypalmike 7y agoProbably a minor detail in the grand scheme of things, but I would imagine they also had trouble competing for engineering talent. For instance, ReachNow was owned by BMW, a privately held company. The salaries they were offering devs were very low, and they offered no equity compensation (which would have been illiquid even if they had).