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I feel for the cut staff and Mahalo has plenty of dough in the bank but reminds me of Jason's article "What to do if your startup is about fail (or "Don't Stop
by aresant 16y ago
I feel for the cut staff and Mahalo has plenty of dough in the bank but reminds me of Jason's article "What to do if your startup is about fail (or "Don't Stop Believing")"
http://calacanis.com/2009/02/27/what-to-do-if-your-startup-is-about-fail-or-dont-stop-believing/ http://calacanis.com/2009/02/27/what-to-do-if-your-startup-i...
Applicable lesson I learned the hard way - better to make cuts early in the face of a serious shift vs. burn cash, see morale dip, etc.
- erickhill 16y agoAny time you go through a round of layoffs the morale is going to dip amongst the survivors for a little while. This is particularly acute when the company is small, and those being let go are perceived to have added value (usually culturally more than direct ROI). It can slowly chip away at the soul of a place. Crunchbase shows Mahalo at 40 employees pre-cut.