$7m actually isn't a whole lot, especially if they hired a (larger) engineering team. Assuming their cali based, that's easily 150-200k per engineer, a team of 20 easily eats through that. Idk the specifics, but I don't the organization was fradulent, it could also be that they're going commercial and no longer want to maintain their oss stack
150-200k is also just the employee’s salary, the actual cost to the company is significantly higher, you need to multiply that by something like 1.5 to get the fully loaded cost, people are expensive!
> very confident you'll be able to use them to justify another raise soon
That is indeed how the VC funding game is played. If you don't raise another round, you are dead anyway, so you spend down your seed round to try and justify that following round...
> On the contrary, the existence of a mismanaged organization nominally dedicated to a given purpose often prevents its nominal goal from being achieved
This gives rise to another type of person within an organisation. Someone opposed to the goals of the organisation, and who understands this all too well.
It's amazing how Trump and Bibi manage to embody the absolute worst stereotypes of their respective cultures. There's something almost Jungian about it.
It's not about feeling bad for Disney. Disney is tremendously powerful, so if the federal government can coerce them to do whatever the federal government wants, that has massive widespread effects for everyone. It creates an environment in which powerful corporations are expected to act as political enforcers, creating a monoculture of ideas and suppressing dissent.
reply