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Reads the same as Netflix. Individuals empowered to make decisions and execute, at all levels of the organization. With higher responsibility also comes the ri
by bb101 5y ago
Reads the same as Netflix. Individuals empowered to make decisions and execute, at all levels of the organization.
With higher responsibility also comes the risk of exposing the company to situations that a more practised individual would know to avoid. It'd be interesting to hear about how these companies mitigate risk from their armies of ambitious underlings.
- gexla 5y agoAs the article mentioned, few other companies were hiring. The mentioned period was 2000-2002, which was during the carnage of the dot com crash. The economy was in a bad state. Maybe pushing hard to make the case for the start-up to exist in that environment was far riskier than any other mistakes they could have made along the way. Maybe you could say the same about start-ups today. Keep your focus on the first thing which will kill you.
- at-fates-hands 5y ago>> Maybe pushing hard to make the case for the start-up to exist in that environment was far riskier Agreed 100%. All of my friends who were bragging they were going to retire at 25 millionaires and then three months later were flat broke. They were so disenchanted with the startup scene, they all went to work for big corporations. As I remember, nobody I knew wanted to work at a startup, let alone start a company in that environment. There was no money - VC or otherwise. You were left to bootstrap it yourself. If it had anything to do with the internet, you were toxic so even getting clients to support you was insanely hard. The fact they came out of that crazy time and were able to prosper against all of those odds is really impressive.