Say you work w/ a funded startup, KNOW leadership is aimless, way off course, burning $ fast. What do you do? @TrevMcKendrick @AustenAllred
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Replying to @austinmcraig @AustenAllred
leave? I guess I'd need more context. What's the downside of leaving? Do you have (stock) options that are valuable? Do you like the company/mission? Is it a help to your career (probably not since it's going poorly...?)
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Replying to @TrevMcKendrick @AustenAllred
1/ Leave, make sure you have all info. Good answers. This is a situation I've witnessed a couple times.
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2/ My question is whether to 1) Call out leadership for their crap, and/or 2) Talk to the investors who don't have boots-on-the-ground view.
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Replying to @austinmcraig @AustenAllred
2 would hurt the leadership/co but do nothing to fix it. 1 is good. direct communication in general is underrated IMO.
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but if leadership is *that* bad, probably unfixable by someone without a ton of power/influence
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Replying to @TrevMcKendrick @AustenAllred
Power/influence like the investor? Hence the thought of talking to them. Sometimes I think shareholder advocacy is the only recourse.
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Notably, I've never actually done this, and likely won't ever.
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I don’t think that solves anything. All investors can do is worry and attempt to discipline. Though I’m assuming company is likely to die.
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Replying to @AustenAllred @TrevMcKendrick
Yeah. I'm meshing multiple stories, so I'll forego further context. I hate seeing bad leadership scuttle a funded startup. Seems so fixable.
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