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He has investors to answer to. He has an over evaluation that unless he grows the value of his company he’s screwed. He’s trying to pull in revenue and he’s des
by wordofx 2y ago
He has investors to answer to. He has an over evaluation that unless he grows the value of his company he’s screwed. He’s trying to pull in revenue and he’s destroying a competitor to take their customers.
- mfer 2y agoAccording to crunchbase, Automattic has taken just shy of $1B in funding. Yes, that's a B as in billion. I wonder where those investors are on returns on that investment and the kinds of changes they want to get them.
- deleted 2y ago[deleted]
- terminalbraid 2y ago> unless he grows the value of his company he’s screwed What are the consequences, exactly?
- brendanyounger 2y agoI suspect they gave him a timeline to IPO and/or sell or he's kicked out as CEO. His recent actions are those of a man with a deadline and nothing to lose.
- danudey 2y agoAssuming that is the case: WordPress the company only needs to stay stable and valuable until everything goes through; if it burns down after that he's still met his obligations (to an extent).
- refulgentis 2y agoThat is narrowly correct and widely incorrect zen question: what is the "everything" that will "go through"? That's the core problem: there's no exit in sight. None
- wordofx 2y agoIf you invest in a company and it’s valued at $1,000,000. And you want to make some money. You sell your investment in the company. If after 5 years revenue doesn’t grow the value is still $1,000,000. Unless the value increases the investors won’t get a return on their investment. Often investment comes with conditions. So no it’s not as simple as “just needs to stay stable”