4 ms·
If there is fat to cut that means they were paying staff to do work that was unnecessary or wasteful which is money out of investor's pockets.
by ActionHank 4y ago
If there is fat to cut that means they were paying staff to do work that was unnecessary or wasteful which is money out of investor's pockets.
- lxgr 4y ago"Unnecessary or wasteful" is as subjective and context/environment-dependent a judgement as it gets. Other than that, the sometimes toxic dynamics of sudden windfalls in funding have also been discussed here at length: Paradoxically, not spending investors' money can sometimes be considered worse than wasting it on moonshot projects (or even outright on fancy office furniture and eye-catching employee perks).
- disgruntledphd2 4y agoI work for a startup that raised a bunch of money and hasn't spent most of it. It might have seemed bad last year, but I'm sure their investors have come round to the idea now ;)