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> My quick answer? Reduce the team to the minimum needed to explore new business models, raise enough runway to keep that team going for 18 months, restructure
by exDM69 15y ago
> My quick answer? Reduce the team to the minimum needed to explore new business models, raise enough runway to keep that team going for 18 months, restructure the cap table to incentivise this core team, and treat it like any other startup.
I think they already did this. Three times.
- swombat 15y agoDoubt it. You couldn't burn €40m doing that for 20 years.
- loverobots 15y agoThey have stores, albeit online ones, for some 20 countries. Just checking the laws in each country must have cost them a pretty penny
- swombat 15y agoYeah, having "stores for every country" is almost exactly the opposite of what I'd call "exploring business models with a minimal team". So, in short, that is not what they've been doing.