I think one thing to remember when joining a company, particularly one of the higher profile startups that raise huge sums of money is that values really matter.
Not mission statement values, but the actions that are consistently taken on a daily basis.
Is your startup or employer profitable? No? Then why are they spending money on nice offices and expensive dinners and so on? I can almost guarantee that LivingSocial could have done with less than the 800 million it raised had they valued frugality and breaking even more than being some giant media darling worth-a-billion company. Deficit spending can work longterm for governments, but not for companies or individuals.
It's a real shame everyone got cleaned out, but they had to know this was going to happen at some point.
Not mission statement values, but the actions that are consistently taken on a daily basis.
Is your startup or employer profitable? No? Then why are they spending money on nice offices and expensive dinners and so on? I can almost guarantee that LivingSocial could have done with less than the 800 million it raised had they valued frugality and breaking even more than being some giant media darling worth-a-billion company. Deficit spending can work longterm for governments, but not for companies or individuals.
It's a real shame everyone got cleaned out, but they had to know this was going to happen at some point.