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I wouldn't recommend venturing that far out into left field -- just the premise of having to lay off half (or more) of your team to stay afloat (In addition, a
by davidandgoliath 13y ago
I wouldn't recommend venturing that far out into left field -- just the premise of having to lay off half (or more) of your team to stay afloat (In addition, a team you've worked with since the start) would be disheartening & depressing enough to drive even the most capable leaders into a corner.
Toss the bad publicity into the mix while you're simultaneously trying to raise more funding and you've got a dark corner.
- drumdance 13y agoYeah, I shouldn't cast aspersions without evidence. But it's the only reason I can think investors would throw money at such a business. Someone should interview them, because clearly some bad decisions were made all around, not just by the founder.
- trotsky 13y agoI'm sure that's why half the people involved, including the external auditor are only speaking on the matter through their attorneys.