4 ms·

700 employees seems like alot

• motohagiography 5y ago
  It does until you mix that with all the employee perks and see that it could very well be strategic. From the article: > It also boasts a "Mommy Bar" - described as a "private lactation space" by Ms Wolfe Herd - as well as fortnightly manicures, hair trims and "blowouts" which the founder said showed "appreciation for our busy bees". It seems like an appealing target for private equity or managers installed by a pension fund. Not sure what their ARPU and ARR look like, but when you have a company with solid revenue, perks like this are a huge signal for a bunch of "opportunities for efficiencies," I would wonder how long all that perceived value would be left on the table. It's not just a Bumble thing, I also think story-worthy perks are mostly a cheap way to attract new staff into the pipeline, and get attention from acquirers. Less than $5k in beanbag chairs used to have a 10x ($50k+) return in organic press, recruitment pipeline, and marketing buzz. Culture spend like that can have non-linear returns. That "Mommy Bar," alone probably has a 30x return on what they spent on it. I'd absolutely close an office for two weeks in August if I ran a company that could afford to, or split it across teams. There's the question of whether you need an office you can afford to close, but from a capital management perspective, if one knew how to make a company appear both attractive yet helpless when it came to optimizing it, to attract someone who liked to solve problems who would intervene and buy in to "fix" this obvious inefficiency for you, well, that would be about par for the course wouldn't it.
  • deleted 5y ago
    [deleted]