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I say the opposite, it should be done more often. The problem is if you decide that you will need 1000 person org in 5 years, you will have 2000 person org in
by BoorishBears 4y ago
I say the opposite, it should be done more often.
The problem is if you decide that you will need 1000 person org in 5 years, you will have 2000 person org in 5 years.
If you challenge yourself to have a 100 person org, you might end up with 1000 people anyways, but at least you're giving yourself a fair chance.
Way too often I see engineering for headcount rather than scale. Building out systems thinking "we'll hire X experts" instead of "we're Y experts, so let's use Y` that's inline with our in house skillset"
- senttoschool 4y agoBut Whatsapp lost $140m and made only $10m in revenue in 2014. It wasn't a sustainable business.
- peoplefromibiza 4y agoIn the six months ending June 30, 2014, WhatsApp brought in $15.921 million in revenue, but had a net loss of $232.5 million. However, $206.5 million of that loss was for share-based compensation expenses and issuance of common stock below fair value. Its net cash used in operating expenses during the first half of 2014 was $13.5 million, which sounds much more reasonable. Essentially, due to WhatsApp’s quickly rising valuation, it used share-based compensation to attract top talent. Eventually, the $22 billion acquisition by Facebook would largely make the “expenses” of issuing that stock moot. This wasn’t cash that WhatsApp was burning, but paper money it was doling out.
- deleted 4y ago[deleted]
- senttoschool 4y agohttps://news.ycombinator.com/item?id=34566606 https://news.ycombinator.com/item?id=34566606
- quickthrower2 4y agoMy 10 yo was curious why whatsapp is free. “Nice of them to do that”. I couldn’t explain it I suspect something something selling your data