1.0
May 24, 2024
Recommend
CEO approval
Business Outlook
Pros
The leadership wasted so much time and money by kicking the can down the road, lying to everyone about the state of the technology, and pretending to commercialize a product that was nowhere ready. Tried to scale too early, by pretending to have solved the hard problems. Signing bonuses and retention bonuses for heroes. Generous bonuses for a pre-revenue company.
Cons
You need more than a few heroes to build a business. The company had to scrap commercialization plans and cut 40% of the workforce after 4 years in existence. It had plenty of time to address the risks before they became huge problems. Massive fail.