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Chris Sacca can’t wait for the tech industry to crash

7 pointsby mefabout 10 years ago

1 comment

tswartzabout 10 years ago
Most interesting bit from the brief article is a nameless company raising $1 billion so it can get the media attention and thus make recruiting easier.<p>&gt;&gt;When he pressed the company to come up with why they needed all that money, they called a billion dollar investment “table stakes” for a company at their stage.<p>“If we’re going to recruit we have to be on a list of unicorn companies, so it has to be at least a billion,” he was told.<p>Sacca wasn’t convinced by that argument in the slightest.<p>“That’s f–ed,” he told the audience. “That’s completely f–ed.”
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