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It makes me question what they’re hiring so many engineers for.
by moneywoes 5y ago
It makes me question what they’re hiring so many engineers for.
- afsafsaf 5y agoWell the valuation process is somewhat automated (they basically need to pull in transactional and user data from shopify into some financial model) which does require engineers.
- Closi 5y agoI assume there's lots of stuff they need engineers for - I imagine managing loads of Spotify stores simultaneously has some strange requirements around inventory management, ordering stock from suppliers, returns, providing customer support e.t.c.
- jgalt212 5y agoThere like Zillow, but instead of buying homes, they're buying small businesses and given the valuation differences for small vs large business (as said above), it seems like this would be hard to screw up.
- mountainb 5y agoThey're not flipping the businesses, they're running them. It's also possible to buy out multiple businesses from the same category, shutter some of the underperformers, and then enjoy the temporarily reduced competition in the category.