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Yeah. There's a real effect where the VCs decide a bodega is a tech company, puts it through hypergrowth based on incredible projections, hires 5000 people, loo
by coffeefirst 4y ago
Yeah. There's a real effect where the VCs decide a bodega is a tech company, puts it through hypergrowth based on incredible projections, hires 5000 people, looks around and says "oh my god, there's no way this business can support an organization of this size, it's just a bodega chain!"
The problem is by then it's too late. You now have systems, architecture and processes designed to be an empire, and you can't staff it like an SMB anymore.
- makestuff 4y agoCase in point, the former CEO of Peloton just raised 25m for a company that delivers you "beautiful, custom rugs for your home". No idea why that would need funding from tech VCs. Yet here they are with several engineering job postings https://www.ernesta.com/careers/ https://www.ernesta.com/careers/. If your business model is custom rugs, maybe just create a shopify store and sell your rugs.
- coffeefirst 4y ago> We believe that high-quality custom design shouldn't be out of reach for consumers and we aim to address this need in the multi-billion dollar global rug industry. This would be fantastic satire if only it wasn’t real.
- makestuff 4y agoMaybe they can furnish the rugs for adam nueman's new apartment/hostel thing...