Re:Groupon, which has lost 99.4% of its value since its IPO,...
by umanwizard on Friday March 31, 2023 @02:29PM
(#35391242)
Nothing wrong with the Czech Republic per se, but it’s at the far outskirts of the “Western world” and is nowhere near any modern tech hub. Hot tech companies tend to be run from California, Seattle, New York, London, etc., or alternatively Shanghai, Beijing, Tokyo, etc., not from small states in Central Europe far from either pole. Thus the company being run from Czechia is a sign of how far it’s fallen.
This isn’t a “jab” at the Czech Republic at all, which is by any measure a wealthy, developed, and well-run country where people have a high quality of life.
Re:Groupon, which has lost 99.4% of its value since its IPO,...
by throwaway50601 on Friday March 31, 2023 @02:55PM
(#35391630)
Prague is a small tech hub by capital size, but the tech they're building there is first class
Re:Groupon, which has lost 99.4% of its value since its IPO,...
by ignite on Friday March 31, 2023 @04:22PM
(#35393063)
JetBrains was founded in Prague. I suspect most people on hacker news are familiar with them.
Re:Groupon, which has lost 99.4% of its value since its IPO,...
by umanwizard on Friday March 31, 2023 @05:20PM
(#35393829)
I’m not claiming that it’s impossible for a top tech company to be run from Czechia. I’m only claiming that it’s uncommon.
Re:Groupon, which has lost 99.4% of its value since its IPO,...
by throwaway50601 on Saturday April 01, 2023 @04:21AM
(#35398376)
Not entirely true. They used to sit in Saint Petersburg AFAIK, and it used to be all-Russian team at the beginning. The Czech address had been (not sure about now) just a virtual HQ.
Re:Groupon, which has lost 99.4% of its value since its IPO,...
by goat_whisperer on Friday March 31, 2023 @02:25PM
(#35391194)
I don't see it as a jab at the Czech Republic. But I think it is highly unusual for a CEO to be based out of a country that doesn't have any kind of Company HQ or significant base of operations, and which is 7 hours ahead of the TZ of the Company HQ based in Chicago.
I mean, that arrangement might work for some kind of employees, but for a CEO in this case it's a bit odd I guess
Re:Groupon, which has lost 99.4% of its value since its IPO,...
by Strom on Friday March 31, 2023 @02:20PM
(#35391107)
They also mention how it was previously run out of Las Vegas, so it could just be to highlight the immense shift in distance.
It could be a way to emphesize remote work.
It could be a way to show that they're stupid for not working out of SF, or it could be away to show that they're smart for not working out of SF.
Really, anything goes here. Up to the reader to decide.
>Senkypl will run the company… out of the Czech Republic.