Re:How to Tell If Your CEO Is Clueless
by antiismist on Tuesday October 28, 2008 @01:03AM
(#346049)
Well, pmarca predicted "nuclear winter" in April and people thought he was nuts. Not quite 9 months ago though:
"We raised the money to enable us to keep scaling given our accelerating growth (over 230,000 networks on Ning now, growing at over 1,000 per day) and to make sure we have plenty of firepower to survive the oncoming nuclear winter. At current growth rates, we don't need it to get to cash flow positive, but having lived through the last crunch, it's good to be conservative with these things."
"We raised the money to enable us to keep scaling given our accelerating growth (over 230,000 networks on Ning now, growing at over 1,000 per day) and to make sure we have plenty of firepower to survive the oncoming nuclear winter. At current growth rates, we don't need it to get to cash flow positive, but having lived through the last crunch, it's good to be conservative with these things."
http://blog.pmarca.com/2008/04/ning-news-serie.html