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It’s a fucking startup. Why are you here?

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Re: It’s a fucking startup. Why are you here?

#11
post #6

Lame. 2011 called and wants its entrepreneurial war stories back. Stories with "suffering" and "struggle" where all in the employees are "all in", but not sharing the profits of course, oh and you can be cut or fired anytime, while your out of touch CEO/founder is having the time of his life. I think I have grown an internal immunity from this bs. (Or maybe I am just older and more mature now). What does fab do this…

From the title of the article, it's apparently some kind of brothel.

Re: It’s a fucking startup. Why are you here?

#13
post #6

Lame. 2011 called and wants its entrepreneurial war stories back. Stories with "suffering" and "struggle" where all in the employees are "all in", but not sharing the profits of course, oh and you can be cut or fired anytime, while your out of touch CEO/founder is having the time of his life. I think I have grown an internal immunity from this bs. (Or maybe I am just older and more mature now). What does fab do this…

Agreed. That's what I was thinking as I was reading through his diatribe. Asking me to live and breathe the job is all good but if I'm not getting to share in the rewards the same as you then you're really just asking me to be your slave and make you rich. I wonder what their compensation/equity structure is.

Re: It’s a fucking startup. Why are you here?

#14

I'm curious: at what point do we stop calling a company a "startup"? A company that has 750 employees (as Fab had before their restructuring) and has existed for three years sounds like a somewhat mature medium-sized company that has accumulated a substantial amount of inertia and bureaucracy (a horde of middle managers, an HR department, etc.). When I think of startups, I think of at most a few dozen employees strug…

I would say a "startup" is a a company trying to find a business model that is scalable & repeatable. I would go as far as argue that a startup is any company pre Series funding i.e. seed.

Series A funding investor expectations are for the company to grow/scale. At that & subsequent funding phases the startup should be called a business. Not a startup.

Re: It’s a fucking startup. Why are you here?

#15
post #8

Call me jaded, but when a company that hit 750 staff and then loses 2/3 of them says "it's a fucking startup" I don't read that as genuine or motivational.

I totally agree with you too... "startup" term is becoming an umbrella to cover up bad decisions or situations nowadays for founders. "Startup" should be a phase and a culture for companies. It should not be the excuse of bad days...

Re: It’s a fucking startup. Why are you here?

#17
post #4

My initial reaction was that he is qualifying his company with a swear word. Everyone is free to interpret how it was meant, but still. Then this quote > I want to build a company that touches millions and millions of people in a positive way and is known as one of the great companies of our time. This made me think about Steve Job talking to Apple employees at his return. Throwing the Michael Dell quotes at the empl…

I believe "No"

Re: It’s a fucking startup. Why are you here?

#18
post #3

I take this as a positive sign that Hacker News is working. I suffered through reading this post which contains such gems as: "Have you ever been clinging onto a rocket ship, then cut the engines at full speed, and then tried to fly again?" because it was on the front page of Hacker News. When I refreshed the site a couple minutes later it was mercifully off the front page. I'm curious how it got front page to begin…

I read it with the same reaction that you did, but I did read it: because it was interesting.

In the end I was considering whether the remaining staff are being abused, judged on subjective measures such as being "here for the right reasons", with their jobs under threat no matter how good their work is. It sets a tone of being awfully threatening to the staff, who must already have suffered through the uncertainty.

I was left wondering if any member of Jason's team would dare to give a negative or neutral answer to his question. Did he only publish the answers that he wanted to hear, or did he only get the answers that he wanted to hear.

I'm sure many people on HN would find this an interesting read and it's a shame that this won't be more widely seen.

Re: It’s a fucking startup. Why are you here?

#19
Making employees justify why they are there?

How about why did you convince 750 people to put their faith in you then fumble the ball so badly you had to sack 400 of them...

The post comes across too much like a dad-trying-to-be-cool moment.

"We are a start-up, I need 18 hour days from everybody. Now that we have lost sight of our objectives we need to redouble our efforts!"

Re: It’s a fucking startup. Why are you here?

#20
post #6

Lame. 2011 called and wants its entrepreneurial war stories back. Stories with "suffering" and "struggle" where all in the employees are "all in", but not sharing the profits of course, oh and you can be cut or fired anytime, while your out of touch CEO/founder is having the time of his life. I think I have grown an internal immunity from this bs. (Or maybe I am just older and more mature now). What does fab do this…

It must be an age thing. I feel the same.
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