It was naive on the leadership's part to think that the market conditions of 2021 would remain forever. It was full-on mania phase, where money was being thrown left, right, and center.
But I think what really happened in a nutshell is, in Paul Graham's words, "There is another reason founders don't ask themselves whether they're default alive or default dead: they assume it will be easy to raise more money. But that assumption is often false, and worse still, the more you depend on it, the falser it becomes.".
Even though I was only part of the rocketship for it's last couple of quarters, there has been a deep sadness around its sudden shutdown and having to justify it in layman's terms, especially being under attacked from the LinkedIn experts. This post gave me some closure :)
It’s hard to accept the closure, but I’ll forever value the experiences and lessons from working there
Thank you for writing this Ali
It was naive on the leadership's part to think that the market conditions of 2021 would remain forever. It was full-on mania phase, where money was being thrown left, right, and center.
But I think what really happened in a nutshell is, in Paul Graham's words, "There is another reason founders don't ask themselves whether they're default alive or default dead: they assume it will be easy to raise more money. But that assumption is often false, and worse still, the more you depend on it, the falser it becomes.".
Thank you for writing this Ali.
Even though I was only part of the rocketship for it's last couple of quarters, there has been a deep sadness around its sudden shutdown and having to justify it in layman's terms, especially being under attacked from the LinkedIn experts. This post gave me some closure :)