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"Although, we were ultimately not acquired by Facebook, this framework helped us, and key members of our company, make the decision to join Facebook." -> Ah OK.
by dimillian 12y ago
"Although, we were ultimately not acquired by Facebook, this framework helped us, and key members of our company, make the decision to join Facebook." -> Ah OK.
- uptown 12y agoMore details on this part of the story: https://medium.com/@krogsgard/the-story-teehan-lax-isnt-telling-5b58e6109e88 https://medium.com/@krogsgard/the-story-teehan-lax-isnt-tell... So about 40 people from their company aren't included in the deal.
- colmvp 12y agoSome of them are going to Facebook, though I assume as part of separate deals.
- ChuckMcM 12y agoI could easily see 40 people who live in Toronto not wanting to pull up and move to the San Francisco Bay Area. That said, the posting does read a bit like the partners were tired of doing all the work of running a company and wanted someone else to be the 'boss' for a while. I can understand that feeling as well.
- eigenvector 12y agoHave you been to Toronto? I think you underestimate the degree to which America, and particularly NYC and SF, are glamorous to Canadians who've spent their careers doing largely the same work for about half as much money. Citation: Lived in Toronto for most of my life
- hobonumber1 12y agoContrary to your perspective, I've grown up in Toronto, lived in the Bay Area, and have come back to Toronto because I genuinely feel it's a more balanced city to live in.
- eigenvector 12y agoSure, but that's not the point. The average Torontonian has never been to SF and doesn't have first-hand knowledge for comparison. A lot of young, naive people see it as the figurative land of milk and honey where everybody is driving a Tesla, making $200k and there are no winters.
- unr 12y ago... really? Torontonian here. No care to leave, ever.
- uptown 12y agoHow's the cost of living compare to NYC or SF?
- thebigjc 12y agoHousing is getting expensive, but most Cost of Living indexes put NYC/SF 30%+ higher than Toronto proper, and areas around Toronto are still somewhat affordable.
- 3pt14159 12y agoYeah I'm not moving to a country that is that misaligned with my foreign policy views, let alone the corruption and general social division.
- aianus 12y agoReally? Having grown up in TO and lived in both, I would not live in SF for less than $500k/yr and even then only to retire early and GTFO. SF is a decaying, dangerous, smelly, hobo-infested dump with terrible weather.
- rpeden 12y agoGiven the details they decided to leave out, I'm not certain that the sentimental navel gazing they posted on their site does much other than make them look bad. What would have been better than what they wrote? More honesty. A lie of omission is arguably more dishonest that one told directly. Something more straightforward like "We're tired, and decided to pursue a new opportunity. By the way, here's what we're doing to help our awesome employees move on to new and better things, too" would have been more direct, more useful, and less likely to backfire on them. As it stands, what they wrote is mostly about themselves, with a paragraph thrown in about the people who helped them achieve success. A more gracious approach might have been to invert the ratio of introspection:gratitude. A smarter approach might have been to write nothing at all.
- deleted 12y ago[deleted]
- lquist 12y agoHow much is FB offering them that they make more doing that than running a 40-person consultancy?
- jpea 12y agoService-based businesses are notoriously difficult to scale. I certainly make more on my own after a decade than I did when I had employees.
- jordanlev 12y agoThis does put the original announcement in a weird light. Although it doesn't specifically say that the 40 employees were let go without any kind of compensation... I suppose it's possible they all got a nice payout as part of the partners' FB deal? I don't know, just trying to avoid jumping to conclusions based on limited evidence.