Every SV company: 1. Start a company that does a thing well 2. Hire enough people to do the thing well 3. For some reason, hire more and more people to do more and more random things 4. Hire more managers who hire even more people 5. You are now a complicated mess and can't get anything done 6. Run out of money 7. Fire people and write a sad post. Continue to collect hefty CEO salary. Why not just stop at 2?
I've wondered this as well. Look at Uber, how are they not profitable? How many more engineers/general personnel do they possibly need to hire?
I don't know if it's the right business call, but Uber is like 10 different companies now.