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> My theory is that as startups grow beyond a critical threshold, they start to attract a certain type of person who is more interested in mercenarily growing w
by chipsa 28d ago
> My theory is that as startups grow beyond a critical threshold, they start to attract a certain type of person who is more interested in mercenarily growing within the company / setting themselves up for future corporate rise than building a product.
Pournelle's Iron Law of Bureaucracy.
- richardw 28d agoMy shorthand is builders vs extractors.
- edoceo 28d agoCompanies start in Growth mode and as they get older investors demand they mature into Margin mode.
- iamflimflam1 28d agoThere’s a point where you have to start paying people back the money they gave you. I’ve been in companies that have grown fast and then realised that their margins are very slim. It’s a very grim position to be in. Great turnover - where’s the profit?