2 ms·

I kind of agree but, of course, the elephant in the room is the whole culture that these companies exist in: Raise large amounts of money Grow exponentially Ha

I kind of agree but, of course, the elephant in the room is the whole culture that these companies exist in: Raise large amounts of money Grow exponentially Have a sweet exit for the investors Nothing that happened is surprising in this light. Even with a "nice" CEO and generous layoff terms, the simple issue is that the market for any given company can only ever be so big and the CEO doesn't get to choose "less growth" with investors breathing down their necks.

Apocryphon 4y ago
Perhaps now that the tide has gone out, it’s revealed that the entire industry was swimming naked.
fatnoah 4y ago
> ..and the CEO doesn't get to choose "less growth" with investors breathing down their necks. Investors in private and public businesses demand growth, so naturally executives will optimize for that. I'm currently at a Series B company that has a product, growing customer base, strong revenue, etc. and we're starting the Series C process. We've crafted a plan for responsible organic growth by investing in efficiency and growing lines of business with a lower cost to serve, but even in this environment, a significant number of investors are still looking for a "pump in the cash and grow fast" story.