nbstme

10 ms·

61.
by nbstme 4y ago
Hey, thanks for your comment! I'm not cherry-picking pandemic businesses. Monday, Lemonade, Oscar, Facebook, and Datadog aren't "pandemic businesses." All tech stocks took a hit and suffered from the reversion to the mea
62.
Panic in Startupland(nicolasbustamante.com)
96 points by nbstme 4y ago|58 comments
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Are You Working with an Intelligent CEO?(nicolasbustamante.substack.com)
1 points by nbstme 5y ago|0 comments
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Look How Big my Fundraising is(nicolasbustamante.substack.com)
1 points by nbstme 5y ago|0 comments
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by nbstme 5y ago
Thanks for your insightful comments. You're right; the hardest part is to find the balance between too big and too small headcount. It's challenging and it differs a lot per department, company size etc
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by nbstme 5y ago
Interesting for Craiglist! Maybe they started hiring more in 2017 when their traffic decreased to fund new initiatives, and it finally didn't work out. Or perhaps it worked out, and they stabilized the traffic around 300m visitors per
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by nbstme 5y ago
haha FTX = small team but big adversiting budget!
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by nbstme 5y ago
Targeting an efficient number of teammates is tricky because it's difficult to know and test when fewer people can achieve more. Too many constraints kill growth, and not too much also kill growth... A fact often ignored is that big st
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by nbstme 5y ago
I remember being turned down by customers because your team of 5 people was too small. Now that we are 80+ I understand their concerns and how hard it is to rely on a small team's software.
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by nbstme 5y ago
Thanks for sharing! I also suffered from this when we were less than 20 people. From my experience, once you reach roughly 50 people, you have enough redundancies among functions to not be hurt by a departure.
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by nbstme 5y ago
Yes, and as long that the revenue growth is higher than the cost, most startups should do it!
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by nbstme 5y ago
Interesting, thanks for sharing. I'm still amazed that Microsoft, with 144,000 employees, still has a revenue per employee of $932,000! What a monster business!
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by nbstme 5y ago
+1 and I should have mentioned that there are significant disparities, say per country, of how much an employee costs.
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by nbstme 5y ago
Warren Buffet claims that his mentor Benjamin Graham once wrote: "In the short run, the market is a voting machine, but in the long run, it is a weighing machine" In the long run, fundamentals matter, and only the best business th
75.
by nbstme 5y ago
You're right; all these metrics can be easily manipulated, whereas revenue is more reliable. I guess you're talking about "acqui-hire," meaning the acquisition of teams of 10-40 people for ~$25m. My broader point is that
76.
by nbstme 5y ago
Don't you think the inability to scale is exemplified by revenue growth problems, not headcount?
77.
by nbstme 5y ago
Haha true! Although it's the "not realized rate of return." That might be good enough to raise another fund and live out of generous management fees, but it is not sufficient to realize financial performance - making money wh
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by nbstme 5y ago
Not sure that signaling & social status lead however to success
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by nbstme 5y ago
True! Some startups, unfortunately, have a scalability problem and need to scale headcount to increase the revenue proportionally.
80.
by nbstme 5y ago
Yes, it's another interesting metric. Although ideally, a fast-growing focuses on cash flows and reinvest all the cash so that there are no profits at the end of the year.
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Look How Big Is My Team(nicolasbustamante.substack.com)
140 points by nbstme 5y ago|102 comments
82.
I Raise Therefore I am(nicolasbustamante.substack.com)
1 points by nbstme 5y ago|0 comments