After Zenefits, Will VCs Rein in Their Unicorns?
bloomberg.com
After Zenefits, Will VCs Rein in Their Unicorns?
1–10 of 128 posts
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#2Note that this article has new information compared to the previous articles about the Zenefits incident. (namely, a16z's involvement as the catalyst for the ouster)
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#3I don't buy this.
I have no issues with Zenefits and I am actually happy they were able to see phenomenal growth. However I must say this whole situation of the CEO stepping down feels staged to me.
It is as if everyone was in on it and this move was calculated by all of them a long time ago. Like when we ready and my stocks are safe and sound blame it on me.
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#4It really is a pity we live in a world where a few can ruin the party for all. I'm sure there are worthy startups out there with a solid product, solid team, and solid practices but they may suddenly die out from VC capital because of the fear/panic triggered by the couple of bad ones.
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#5$4.5 billion valuation on $60 million annual revenue from non-compliant activity?
Anyone know the investment thesis on that?
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#6Note that this article has new information compared to the previous articles about the Zenefits incident. (namely, a16z's involvement as the catalyst for the ouster)
And also (I think) the fact that Parker created the Macro™.
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#7It really is a pity we live in a world where a few can ruin the party for all. I'm sure there are worthy startups out there with a solid product, solid team, and solid practices but they may suddenly die out from VC capital because of the fear/panic triggered by the couple of bad ones.
Presumably if they indeed have a solid product, they have a solid way to drive revenue and be self-sustaining in case of events such as this.
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#8Unless consequences affect the investors or members of the board, and not just the CEO, what is the incentive to change behavior?
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#9$4.5 billion valuation on $60 million annual revenue from non-compliant activity? Anyone know the investment thesis on that?
I think the investment thesis is based on the classic economic theory that draws upon complex natural and psychological forces, sometimes referred to by the acronym "FOMO".
Re: After Zenefits, Will VCs Rein in Their Unicorns?
#10Note that this article has new information compared to the previous articles about the Zenefits incident. (namely, a16z's involvement as the catalyst for the ouster)
This thing did not start and stop with Conrad. Many others at the executive and VC level could have been in on it.