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Everyone plays a long game until the cost of debt and debt servicing comes home. There are just too many Zombie Unicorns, it is matter of time. If your company
by sremani 4y ago
Everyone plays a long game until the cost of debt and debt servicing comes home. There are just too many Zombie Unicorns, it is matter of time. If your company is not profitable consider yourself jobless 6 months from now.
- yamazakiwi 4y agoAre you positing that if we maintain our current trajectory economically that Zombie Unicorns will start harshly cutting costs. Why 6 months? I'm actually curious why that number as I'm not in the environment.
- davewritescode 4y agoYou are correct. There’s a particular company that’s local to me that hired away a bunch of my mediocre engineers at very high salaries because they were printing money during COVID. In 2022 their operations cost was 150% of revenue and I have to imagine that those people are sweating a bit now.
- omniscient_oce 4y agoThat's good. It was a terrible model to begin with. Profits and growth should come from providing value to customers not biding time until you can "exit" or whatever they call it.