I work at a law firm specializing in IPO. I had the same thought in mind when I joined.
Hiring more people does help but there will still not be 40 hour work weeks. In many instances, some people in the team has built up the knowledge on a particular part of the deal that it is difficult to outsource since it would be much faster for the person to complete the work themselves.
Hiring more people also means that the information is diffused around. If one person working on a deal it means that he knows 100% about the deal. If 100 people is working on the same deal, efficiency would greatly decrease as knowledge management becomes important (lots of emails).
1st rule: you do not talk about the money
2nd rule: you DO NOT talk about the MONEY
3rd rule: you talk about how the acquirer and acquiree shares the same vision and dreams that would enable the acquiree to build great things.
>...it might not seem obvious why Oculus is partnering with Facebook...But when you consider it more carefully, we’re culturally aligned with a focus on innovating and hiring the best and brightest
Looks like ALL companies in this world would be a good fit for a facebook acquisition.
There are both pros and cons. HK healthcare system is quite affordable but has long lines. They optimize for the cheapest effective medication rather than the best healthcare you can offer.
Coinbase is dealing with real money here. Just on HN today, 30k USD have been locked up. Assuming 50 customers suffer from the same problem and same amount, they locked up 1.5 million USD. Bitcoin's has dropped its value from 1200 to 600 in 2 weeks. Assuming that trend continues, Bitcoin can potentially wipe out half of their customer's money. I know that is just a hypothetical but this is a real possibility.
You cannot excuse yourself for poor customer service just because you are a 'startup'.
Agreed. When there is a public outcry, it means that there is inadequate processes are put into place for protect their customers. This happened twice today. This means something is fundamentally broken in Coinbase's customer service.
Many famous VCs and founders browse HN. This will hurt their reputation.
Having the great product != bestselling novel.