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I think he's probably underestimating his responsibilities and overestimating those of the other employees. It also sounds like he has to deal with things he do
by Klinky 13y ago
I think he's probably underestimating his responsibilities and overestimating those of the other employees. It also sounds like he has to deal with things he doesn't want to deal with, not that he has nothing he has to do.
The details of the sale aren't public either, and he's now an "adviser" to The Magazine. He may still have some equity in the company. One could also analyze the profits from a sale compared to estimated profits down the line, and feel that they would rather cash out now, to pursue other interests. A lot of "savvy" business-people and businesses divest themselves from businesses that they feel have outgrown them or are not a part of their core business model.
- smackfu 13y agoI would agree with that. I would guess the initial draw was developing the iOS app and the web app, and the fun image of being an editor. Except that being an editor was a lot of work, without that much fun parts. So he outsourced the editing, but now all that was left was the business side, like writing checks, and that is not fun at all. And the apps are done, so no fun there.