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just to understand: is this company product similar to Fast.com? Is it also the case of an inflated valuation for a very low turnaround?
Surprising that I’ve never heard of either Fast or Bolt
They still hiring though? Lots of positions listed. 4 day work week sounds tempting...
Why do CEOs feel compelled to say “this is the hardest decision I’ve ever had to make.” Hoping a CEO can chime in here… is the decision really that hard? It seems like they are just trying to not seem like a dick, when we all know they’re just looking out for their own best interests (not saying this is wrong, but not saying this is right either). Just genuinely curious how much “fluff” that statement contains.
A the same time in the same market we have several Transportation players investing in creating Hydrogen generation infrastructure for hydrogen based fuel cell EV cars and trucks.
Even Indiana gets a hydrogen gen plant for Trucking.
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Everyone should get obscene salaries
Earlier quoted context omitted.
For a small company, "over hiring" is always a sign of incompetency of the management. Think about the good companies in the early days. They can do so much with so few people, like one person evolving zookeeper into a beast to handle FB's scale, or two people having implemented LevelDB in a matter of months, or one person figuring out a way to increase the density of co-lo rack by 10 times.
> or one person figured out a way to increase the density of co-lo rack by 10 times. Curious, whom are you referring? Sorry for my ignorance.
Earlier quoted context omitted.
Profit isn’t an “abstraction”. If you bring in more money than you spend, it means that you don’t have to worry about a “runway”, nor do you have to worry about outside funding. How can you have a successful business that spends more money than you make?
> How can you have a successful business that spends more money than you make? Today or tomorrow? If a company has to spend more than they make today in order to build something they can sell for profit tomorrow, that's investing in the future. Just looking at revenue or profit is too simplistic. It's also too simplistic to only look at a single point in time.
It’s not a single point in time, most of those same companies who IPOd before becoming profitable recently are still not profitable and being punished by the market more than the market in general.
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"Pre-profit companies" LOL. So that's what they're calling them nowadays? Talk about euphemisms...
It's lol indeed, and this appears to be one among many symptoms of this complete nonsense we're living. It seems to be normal nowadays for a startup to pursue all the sorts of shallow growth indicators instead of worrying about making real money. They are concerned about "runway" not as a measure of how long they will last, but as an indicator to plan the time for another "round". And I don't blame the companies alon…
Waiting for Ryan’s tweet storm eagerly to see how blame is shifted to VC and Stripe.
Thanks to him, lot of people in the industry are now a bit wiser and more careful while others simp for the establishment because they seek to benefit, are benefiting (maybe in the minds of some, they think they are reading this board and looking at profiles of users who simp or attack them?) When he outed YC, Sequoia Capital and New York Times, I felt uneasy because I knew there would be blowbacks.