4 ms·

I think this is interesting because this may represent a pullback in the social/mobile consumer space from an investment standpoint. Path is a VC darling given

I think this is interesting because this may represent a pullback in the social/mobile consumer space from an investment standpoint. Path is a VC darling given that it raised over $40 million from the likes of KPCB (a firm that also mentioned a direction change[0]). Anyone talking about a SV bubble should consider that some companies with tremendous momentum are scaling back a little bit. It could be a healthy pull back. 0: https://news.ycombinator.com/item?id=6540362 https://news.ycombinator.com/item?id=6540362

sneak 13y ago
Either that or the market finally wised up to the fact that Path is managed by asstards who don't have a shred of respect for their customers.
wellboy 13y ago
It all comes back to you if you try screwing over the market, the market sees everything. I love the market.
- jbooth 13y ago
  Consider that the people who made the biggest, shittiest decisions here made way more money while doing so than you did during the same period, most likely.
  - wellboy 13y ago
    What do you mean by them having made more money than me? As far as I can see, they have to sell Path for more than $41.2M before they make more money than $0 and that´s gonna be a tough one. I'm currently a bit above that number. ;)
    - jbooth 13y ago
      They likely paid themselves executive level salaries out of that 41.2M all the while. If you're doing much better than a high-end developer salary, congrats, but if you're not, they prob paid themselves more than you.
zmitri 13y ago
Pullback started about 2 years ago. I wrote about my experiences here trying to raise a seed round for an app that had considerable traction for the stage we were at http://blog.zmitri.com/startups/2013/06/14/you-need-a-million-users-to-raise-a-seed-round.html http://blog.zmitri.com/startups/2013/06/14/you-need-a-millio... Path was just well financed enough to make it this far.

sneak 13y ago

Either that or the market finally wised up to the fact that Path is managed by asstards who don't have a shred of respect for their customers.

wellboy 13y ago

It all comes back to you if you try screwing over the market, the market sees everything. I love the market.

jbooth 13y ago
Consider that the people who made the biggest, shittiest decisions here made way more money while doing so than you did during the same period, most likely.
- wellboy 13y ago
  What do you mean by them having made more money than me? As far as I can see, they have to sell Path for more than $41.2M before they make more money than $0 and that´s gonna be a tough one. I'm currently a bit above that number. ;)
  - jbooth 13y ago
    They likely paid themselves executive level salaries out of that 41.2M all the while. If you're doing much better than a high-end developer salary, congrats, but if you're not, they prob paid themselves more than you.

zmitri 13y ago

Pullback started about 2 years ago. I wrote about my experiences here trying to raise a seed round for an app that had considerable traction for the stage we were at http://blog.zmitri.com/startups/2013/06/14/you-need-a-million-users-to-raise-a-seed-round.html http://blog.zmitri.com/startups/2013/06/14/you-need-a-millio... Path was just well financed enough to make it this far.