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> When asked about the $85 million that Airlift burned through in less than a year, Gul insisted that these were the wrong questions to ask. Instead, he defende
by warinukraine 4y ago
> When asked about the $85 million that Airlift burned through in less than a year, Gul insisted that these were the wrong questions to ask. Instead, he defended, the right questions were: “What enabled Airlift to raise $100 million-plus in three years?
Giving money to people who think the goal is to raise money - this is how it ends.
The positive way to look at this is that clueless investors lost their money. That's capitalism working as intended.
Anyway found the key quote
> “Everyone [in management] was new, they were these youngsters who just stayed in their offices,” a lead warehouse manager told Rest of World. “Senior management was never in the warehouses and they just sat inside and did their meetings on Zoom, not bothering to check the issues in the warehouses, leaving the burden entirely on the live operations team.”
- suoduandao2 4y agoNo idea why this comment was flagged. It seems a commonsense take.
- bgun 4y agoBecause it’s a low-effort shallow dismissal that basically just cherry-picked some quotes from the article and says, “this.”
- shagie 4y agoWhile this comment looks ok, there could be some system effect going on. A quick perusal of the comment history with "showdead" set to yes (its in your profile settings) provides a different view - especially when one goes all the way to the first comment left.
- warinukraine 4y ago
- kcplate 4y ago>Giving money to people who think the goal is to raise money - this is how it ends. This is exactly the message I pulled from this article. The mission needs to be the product or service you are offering, the pitch to raise capital is to help you get there. This seemed to be the exact opposite…raising capital was the mission, the product and service was the means used to get there.