4 ms·
Exactly! It's kinda sad that unless a company has crazy hockey stick growth, it's not worth it. Everyone: the founders, the early employees and the venture pe
by dhoulb 13y ago
Exactly!
It's kinda sad that unless a company has crazy hockey stick growth, it's not worth it.
Everyone: the founders, the early employees and the venture people, we're all in it to make tens of millions, so while it was a viable business in every other sense, no-body involved cared.
But, why should they? All of those people are probably capable of making loads more money in other places. The early employees can get $100k at an established company, the venture people can invest in some other flash-in-the-pan venture with a better chance of an exit, and the founders believe their next idea can stand a better chance of making them millions.
I don't really have a side here, I just think it's weird when a business with revenue shuts down and doesn't continue in any capacity. Surely one or two guys could've maintained it and made $150,000 each - a pretty good income! The founders could've had it running on autopilot for a few years to give them an income while they started their next project.