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Finally someone states the obvious that Homejoy's problems had little to do with employee classification and far more to do with the basic business model (tryin
by pbreit 11y ago
Finally someone states the obvious that Homejoy's problems had little to do with employee classification and far more to do with the basic business model (trying to convert a match-making situation into a transactional business) and sloppy execution.
- danieltillett 11y agoI want to know how all the smart money missed these obvious problems? I don't blame Adora and co for trying, but where were the adults.
- chakkop 11y agoBasically don't overestimate how much the 'adults' understand. There is a huge amount of hand-waving, FOMO, leaps of faith, etc... by VCs when they make (and manage) investments. When things work, they are explained ex-post facto in visionary terms. When they don't... people forget soon anyway.