Re:What software engineers can learn from the rapid collapse...
by mcphage on Thursday April 07, 2022 @04:42PM
(#30950091)
> Sure, their primary problem was extravagant hiring
I think their primary problem was a huge valuation—with correspondingly huge expectations—but no real revenue. If you're pulling in $600K revenue, but valued at $500M... you're gonna have a bad time.
I think their primary problem was a huge valuation—with correspondingly huge expectations—but no real revenue. If you're pulling in $600K revenue, but valued at $500M... you're gonna have a bad time.