For everyone arguing about whether this is true of all Chinese culture, of course there is innovative thinking in China, Wu is simply pointing out that in places where people aren't getting paid to innovate but rather are there to do a 9-5 job, there is little (and, in many cases, negative) incentive culturally to think outside the box and push the envelope. Don't expect that your contractor is going to go the extra mile for you. Getting specifications right and driving the production process are on you.
The reality is that when it comes to fraud or other potentially criminal activity, you've got to bat 1000 as a CEO. For even lesser offenses you don't get too many freebies. Welcome to the game.
And wtf are you arguing anyways? Because I invested in Enron and they made me money, in 1999 I should have been happy even while alarm bells were starting to be rung? Your argument would've lost conscientious investors a great deal of money in the end game. You've got to think longer than just right now.
Unless you have proof that the claims by Benchmark are literally fictitious, you're on the losing side of how this one'll play out.
I raised a seed round (500K) in two tiers, on tier late last year, and another this Summer. All the same terms including valuation. Basically, after raising 350K last year, which I thought would be enough to get to profitability, in April I realized I would need to raise the remaining 150K.One of our investors told me that it was a bit disappointing that the early investors would get the same...
With the recent backlash from advertisers against contentious content, the push towards live, and with Biz coming back, it seems like Twitter has set everything in place to "pivot" to broadcast-only. If replies are removed the trolling goes away and the focus is re-set to live, broadcast-only "comments" and DMs could handle any necessary conversation. Is this coming down the pipe?