exogeny

40 ms·

421.
by exogeny 10y ago
I think a better discussion is how almost none of them appear to understand the correlation between negative unit economics and writing a bullshit, "At least I tried!" failure-disguised-as-success Medium post about how your compan
422.
by exogeny 10y ago
Reddit is not real life. If you could gain the communication, leadership, and political skills necessary for an executive position at a company like Facebook by posting on Reddit, then their meeting rooms would smell a whole lot worse.
423.
by exogeny 10y ago
I'm actually doubtful it has much to do with politics, if at all. Dude is a world-class weirdo and an extremely bad communicator. So was Zuck, but he took media training and got..decent at it. Palmer didn't and hasn't, and th
424.
by exogeny 10y ago
Easy lesson here: don't raise a ton of money just because you can. The valuation that was set and the terms that come with it limit their exits by an inordinate degree, and I don't imagine for a second their plans required the amo
425.
by exogeny 10y ago
I would counterargue that the pervasive "A for effort!" sunshine and happiness that you're trying to embed is just as dangerous, if not more so, than the bile and snark you're trying to ward off. The success of the overa
426.
by exogeny 10y ago
While I agree that I would also take the money, I disagree with the implicit argument that raising money in and of itself is a milestone with applauding. I also disagree that I'd end up taking that much - hindsight of course being 20&#
427.
by exogeny 10y ago
The profanity is a movie reference, which if you've seen that movie would perfectly illustrate my personal frustration towards the tacit acceptance of incompetence that this thread signifies. They did very little with an extreme amount
428.
by exogeny 10y ago
His personal characteristics are irrelevant to the economics; he raised money from A-list VCs and failed to do anything notable with it, resulting in a bailout from one of his existing investors and a marginally better employment situation
429.
by exogeny 10y ago
It's absurd that you think PH was doing anywhere close to that revenue. The sale price to me is baffling, even if it was stock. You're not buying revenue, you're not buying valuable technology IP, and you're sure as hell
430.
by exogeny 10y ago
Why are we applauding Ryan again? This is a saving face bailout from one of their own investors and a particularly embarrassing one at that given his statements of "I wouldn't consider anything under $100mm" and the pedigree
431.
by exogeny 10y ago
That is a LOT of things that have to go right just to sell at the same valuation they just raised money at. That's exactly why this is so insane.
432.
by exogeny 10y ago
Except that with Twitter, you self-identify as so many different things on the basis of the content you contribute. Giphy is nowhere close that. Selling inventory is only valuable if you can sell the targeting to go with it. It's argua
433.
by exogeny 10y ago
Giphy sucks as a business. How anyone could invest in it beyond a seed valuation is absolutely beyond me.