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Amazing article. As advertised, it's not a self-aggrandizing "mistakes" post that points you at the end to the author's next venture. It's full of the kinds o
by smalter 12y ago
Amazing article.
As advertised, it's not a self-aggrandizing "mistakes" post that points you at the end to the author's next venture. It's full of the kinds of things that keep me up at night.
It reminds me of something similar that happened to me: I was running Adwords for the first time. The dashboard wasn't showing that any of my ads had run, and it kept telling me to up my bid amount. I kept upping it and upping it, and I wasn't seeing any ads running. I said screw it and forgot about it.
When I happened to look at the dashboard 3 weeks later, I had blown $6k on Google ads. I had to get my team together and tell them what happened and apologize. ($6k was a lot of money to us.) Like Seth, this hurt a lot because I paid myself less than anyone in the company to save money.
Seth, if you're around the iDoneThis office at Great Jones and Bowery, hit me up. I'd love to buy you a drink.
- sethbannon 12y agoThanks for the kind comment, Walter. I'm based in NYC but I'll drop you a line next time I'm back in SF.
- mattangriffel 12y agoGreat Jones and Bowery is in NYC ;)
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- nicholasjbs 12y agoFrom the first paragraph of the post: On the way, my co-founder and our CTO stopped me and said “I’m resigning. And I’m going to tell the team why.” He then told me that he had lost trust in me as a CEO and as a person.
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- dogecoinbase 12y agoThis right here is the actual value that YC derives from the existence of HN -- they can correlate these "anonymous" logins with other logins from the same IP space/etc and figure out who's mudslinging against whom.
- mattangriffel 12y agoThe way I read the post, Seth mentioned a number of readers why he lost their trust. Specifically: - Poorly defined co-founder relationships - Not being explicit about hacks - Telling a half-truth You're free to disagree about whether these are the important reasons why Seth lost their trust, but to say that he didn't address the reasons why is just untrue.
- ebiester 12y agoWhat are you expecting? He's trying to keep his company afloat and keep enough of his reputation intact in the case his company dies. True honesty is rarely rewarded in failure.
- redthrowaway 12y agoYou appear to have a personal stake in this story. Rather than sling mud from behind the wall of a 6 minute-old throwaway, why not address your issues in the open? Better yet, why not address them with the author?
- snowwrestler 12y agoTrust, and the reasons behind it, are subjective. If you have different perspectives or additional facts, perhaps it would be more constructive to just state them rather than posting vague hints.