Re:Bolt announces layoffs
by scarface74 on Wednesday May 25, 2022 @10:09PM
(#31513425)
Neither the VCs nor the founders care about “sustainability” or profitability. They care about exiting and not being left holding the bag.
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Re:Bolt announces layoffs
by SmellTheGlove on Wednesday May 25, 2022 @10:30PM
(#31513589)
In the grand scheme of it, I haven't worked with that many, but every founder I have had the chance to work with has cared about sustainability. This is way more speculative, but I believe that sustainability goes out the window in favor of quarterly wins when the (co)founder steps back from their role and they transition to a non-(co)founder CEO and such.
I guess we could interpret that as the cofounder cares about sustainability for as long as it takes to hand off the bag.
Re:Bolt announces layoffs
by scarface74 on Wednesday May 25, 2022 @10:44PM
(#31513744)
Once the founder takes VC funding, it no longer matters what the founder wants even if that is true.