That's OK when things are going great and there's lots of money in the bank. It's not OK when the ship needs some founder-inspired steering in a storm. It's not OK when the ship is taking on water. It's not OK if there are signs of mutiny. It's not OK if pirates are about to board.
And it so happens that most startups tend to spend their lives navigating rough waters with not enough money in the bank and pirates in tow.
[1]: http://techcrunch.com/2011/06/26/skypes-worthless-employee-s...
I don't know for sure, but I don't think Rdio had any trouble hiring, ever, because it is(was) a service that people love(d).
Sad to see the "best" product in the market go under.
Rdio had insane product talent but no business captain (this can only be an obsessed founder, pre-success).
With normal startups, they just fail off the bat in this scenario.
Rdio had enough money to hide the lack of captain issue for a really long time.
Can you elaborate on this? How was the leadership absent? and why do you think that was?