Convoy collapse: Read CEO's memo detailing shutdown of Seattle trucking startup

Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by avalys on Thursday October 19, 2023 @04:04PM (#37947968)

If you can still operate the business for another 8 weeks, there's a chance that things will still work out, and it's pretty pessimistic to preemptively shut it down because you assume you're going to fail. Pessimists don't generally find themselves in the role of founder/CEO of a startup in the first place.

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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by arrosenberg on Thursday October 19, 2023 @04:25PM (#37948240)

Actually good founders and CEOs do tend to be realists. They know when to hold and when to fold, and they place a high value the well being of the people especially when things go poorly.

Manic founders who insist that a rescue will come right up until the last second often leave people feeling burned and don't get as many second chances when things don't go well.

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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by ska on Thursday October 19, 2023 @04:46PM (#37948500)

> there's a chance that things will still work out,

There is a big difference between a less than 1% chance and an 80% chance here. Part of the job is knowing that difference, and how to handle/communicate it.

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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by pc86 on Thursday October 19, 2023 @06:10PM (#37949439)

Especially when you're only doing it so you can pay your employees 8 weeks' severance when the alternative is 6 or 8 weeks' pay while working.

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