I'd think more in the range of ~10 MBA hires. Middle management definitely grew a lot, but most were not MBAs. Lots of new positions were created that didn't r

I'd think more in the range of ~10 MBA hires. Middle management definitely grew a lot, but most were not MBAs. Lots of new positions were created that didn't really need to exist. In more "lean startup mode", if you have an idea for a creative way to grow, existing employee(s) just start trying it, and if it works really well but is making those employees too busy/overworked, then you hire for it. If it doesn't work, you stop doing it. But in "pumped full of VC $$$" mode, you never test the idea out, you just hire someone new to do it, which is often a mistake. Also, on top of totally new roles, there was a lot of duplication of roles. Think multiple departments hiring email marketing teams, while before there was just a single email marketing person for the whole company, that sort of thing. Lots of things that used to be a single person, and were doing fine that way, became a team or multiple teams, each with their own manager.