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If the board has the support of all the staff the board will be absolutely fine. That said, not clear to me that board is supported by the staff. So if Sam go
by tempnow987 3y ago
If the board has the support of all the staff the board will be absolutely fine.
That said, not clear to me that board is supported by the staff.
So if Sam goes, and many of the key staff go... will be interesting.
And the boards style in all this, if that is the "mission" - is wild. You have partners, staff, businesses - doing a VC round and you blow it all up without it sounds like even talking to your board president? Normally this type of ouster requires a properly noticed meeting!
- Davidzheng 3y agoBecause a lot of the staff is there for the high compensation and they view the mission as an inconvenience
- shrimpx 3y agoI think some of the staff definitely supports Altman, and are down to quit and follow him. Personally I hope that's what happens. Separate the altruistic-mission guys from the big-profit guys and let them go to town in their respective spheres.
- null0pointer 3y agoThe sad part is that nearly 100% of investment and resources will follow the big-profit group leaving the altruistic-mission guys in the dust with no resources and no money.