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Joined 1 year ago
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Cake day: June 12th, 2023

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  • I’m undefined? 😟

    Otherwise known as managing success. Once you have a successful cash flow you need to diversify it and build your business to have multiple cash flows.

    Semantics I guess. Di-worse-ification isn’t always the answer. They had a large product lineup, which was probably more expensive for them than it needed to be. They went under because they failed to fortify their balance sheet… rates went up and their debt crushed them.

    Capitalism works fine just turning a profit while plenty of companies die chasing growth. It’s just part of it.






  • This is a good thermometer reading. I’m pretty sure many communities are prepared to extend this indefinitely if current plans aren’t reverted. I do believe him when he says

    We absolutely must ship what we said we would.

    I don’t know who the angry VCs are who get to pull his strings but if this gets their attention - it may or it may not - reddit might budge on things a bit.

    At the end of the day the company is hopeless to make a profit with him at the helm. This memo sounds slightly nervous and lacks confidence. He has no clue what he’s doing.