81–90 of 123 posts
After reading through a bunch of comments, articles, and some of the Glassdoor reviews, I really have to wonder if she has Borderline Personality Disorder.
I'll pick out a thread here: the toxic culture. When businesses fail, it's regarded as obvious that the toxic culture contributed to the downfall. With successful businesses like Uber or some bank you recently read about, it's assumed that somehow these behaviours are what makes the companies profitable. My own theory is that toxic culture is a drain on every company with one, like a parasite on a host organism. Some…
I'll pick out a thread here: the toxic culture. When businesses fail, it's regarded as obvious that the toxic culture contributed to the downfall. With successful businesses like Uber or some bank you recently read about, it's assumed that somehow these behaviours are what makes the companies profitable. My own theory is that toxic culture is a drain on every company with one, like a parasite on a host organism. Some…
I'll pick out a thread here: the toxic culture. When businesses fail, it's regarded as obvious that the toxic culture contributed to the downfall. With successful businesses like Uber or some bank you recently read about, it's assumed that somehow these behaviours are what makes the companies profitable. My own theory is that toxic culture is a drain on every company with one, like a parasite on a host organism. Some…
I'll pick out a thread here: the toxic culture. When businesses fail, it's regarded as obvious that the toxic culture contributed to the downfall. With successful businesses like Uber or some bank you recently read about, it's assumed that somehow these behaviours are what makes the companies profitable. My own theory is that toxic culture is a drain on every company with one, like a parasite on a host organism. Some…
>>With successful businesses like Uber or some bank you recently read about, it's assumed that somehow these behaviours are what makes the companies profitable. I'm not sure that's true. At least with Uber, it's pretty well-understood that they are successful despite their toxic culture. And that's mostly because they have received billions from VCs, which does a great job shielding them from the consequences of bad…
It may be that, in at least some industries, ruthless aggression is a financially advantageous attitude. Investment banking comes to mind.
If we want to change culture, it has to be for reasons other than money. The Pyramids were a phenomenal project that we couldn't realistically replicate today (due to costs), but I'm okay sacrificing that for not using slave labor. Speaking of which, the American South was an economic powerhouse with a culture of slavery and brutality (in large part because of it, not despite it.)
I think that's what a lot of people are grappling with in Silicon Valley. We want to have a positive, inclusive culture and also build massive companies. People rarely talk about what happens if you can only choose one. The reality of taking venture funding is that you are expected to do the latter, with the former a nice to have.
(You can read my comment history to see that I'm strongly against these types of culture.)
Earlier quoted context omitted.
> Revenue is absolute. Money either came in or it didn't. Sadly nothing is that absolute. Plenty of revenue scandals out there. A typical example of this: a large supermarket hasn't made enough money for the year, and asks its suppliers to book future sales that (very likely) will come next year as real sales now. The suppliers do this, and actually pay up, because they want to stay on good terms with the big superma…
How do supermarkets get payments from suppliers? I thought they got paid by customers and they paid suppliers.
Earlier quoted context omitted.
Amoruso was as involved with the netflix production as much they would let her, which is to say a lot. But by this time, Amoruso had mostly handed the company over to Waterson so that Amoruso could focus on building up her own personal brand and #girlboss "foundation." Basically, Amoruso checked out around 2015 to focus entirely on her own girlboss brand and promoting her book. She was/is totally obsessed with maker…
Which will probably work out in her favor. Big failures can be used to build up a following. Im not criticizing her, just saying that a failed business does not equal a failed personal brand (unless you pull an OJ Simpson).
I'll pick out a thread here: the toxic culture. When businesses fail, it's regarded as obvious that the toxic culture contributed to the downfall. With successful businesses like Uber or some bank you recently read about, it's assumed that somehow these behaviours are what makes the companies profitable. My own theory is that toxic culture is a drain on every company with one, like a parasite on a host organism. Some…
I don't disagree with your analysis, but can we stop calling uber a successful business? It has been probed countless times that they are bleeding money and still is not clear if they will ever be successful.
Earlier quoted context omitted.
Thank you for the insights into the company. I don't know whether this is common in VC backed companies, but I am surprised at the lack of governance around spending of company money for personal gain. 500K on a ghostwriter when you are trying to steady the ship and then make it move full steam ahead??! That sounds insane and if I were an investor I'd kick that CEO's ass. Moreover, very surprised Index Ventures poure…
The unique thing about NG was that between 2010-2011 they had explosive growth and high profit margins selling the cheap clothes they were buying from commodity asian vendors. The real secret sauce to NG's success was that the first couple of employees were expert buyers and knew how to spot profitable trends. Keep in mind Amoruso only knew how to buy and sell vintage. It was only after Amorus hired her first employe…