Chapter
The Downside of Raising Too Much Money for Startups
53:27 - 59:17 (05:49)
The decision to raise too much money for a startup could lead to a mismanagement of growth to meet consumer demand, causing layoffs due to restructuring. Taking responsibility and offering a fair exit package is crucial in such scenarios.
Clips
The episode delves into the recent decision by MoviePass to lay off a third of its staff and examine what company leadership could have done differently to avoid this outcome, particularly with regard to prioritizing growth over profitability.
53:27 - 59:17 (05:49)
MoviePass
Summary
The episode delves into the recent decision by MoviePass to lay off a third of its staff and examine what company leadership could have done differently to avoid this outcome, particularly with regard to prioritizing growth over profitability. The root cause of why MoviePass has to restructure is not a company that doesn't have consumer demand but may have been mismanaged for growth to match consumer demand because of too much money.