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Easy to ascribe pure malevolence when the rank incompetence is so glaring. How does a half-billion dollar company collapse overnight? How many layers of VC bure
by Apocryphon 5y ago
Easy to ascribe pure malevolence when the rank incompetence is so glaring. How does a half-billion dollar company collapse overnight? How many layers of VC bureaucracies of aides and accountants failed to foresee this?
- Rastonbury 5y agoIf you understand that VC returns are usually made from 1 or 2 out of every 10 investments this is no surprise. Its a market after all, VCs have the option to say no. And every smart person with financial analysis skills is welcome join the industry and beat the rank incompetence with an 80% failure rate, can't be difficult can it?
- Apocryphon 5y agoThere’s a difference between a business declining over time with a clear downwards trajectory, and suddenly dropping from the sky and crashing. The latter is why this is so shocking.
- Rastonbury 5y agoNot sure if this happened to Fast, but this tend to happen when startups run out of runway/funding.