Crises are perfect for strategy assessment and regrouping
10,000 iterations, not 10,000 hours I’ve seen recently that Facebook is laying off 11k employees. Since last year they recruited…14k. I came across a blog post from Basecamp’s CEO saying that they only have 80 people. I used their platform for some projects, alongside with Asana and sometimes Slack. Doing benchmarking with other companies from […]
Close the feedback loop as fast as possible
In business and in life, in general, the most crucial thing to do is to close the feedback loop as fast as possible. That’s why everybody says the same: “Do a MVP as fast as possible and ship it!” I’ve recently travelled with LOT, by the way – great experience, and now I received the […]
Proper steps after an acquisition
How it should be after you buy a company: 1/ Send an email (or discuss) to all employees on future plans & commitment vs. severance packages 2/ Assess the situation after some of the people leave 3/ Adjust the workforce according to your needs (including contractors) 4/ Start rebuilding the company/the product according to a […]
Could Facebook move faster? Ten years later the answer is the same: NO!
Could Facebook move faster? – Mark Zuckerberg, 30.03.2012 Ten years later the answer is the same: NO! You are running a TGV train, Mark. TGVs can only generate cash, not breakthrough innovation. So, what’s the moat for Facebook/Meta? AI capabilities for content generation, better discovery, next level communication platforms (whatsapp/messenger) and video (Instagram). The users […]
FTX funded risky bets with customer funds
There is a good thing in this FTX story going on: we are going to have a film! On the bad side, 10 billion “evaporated”. Sources: Taleb’s paper; WSJ; Matt Levine in Bloomberg It’s not a secret that I’m bearish on crypto and somehow bullish on blockchain technology. Nassim Nicholas Taleb already demonstrated […]
All tech companies are overstaffed
After several discussions with people from “the valley” (ie. mainly friends) I realised that all tech companies are overstaffed, being afraid of: 1. competition – by opening start-ups 2. competition – getting hired by somebody else This reminded me of Snap who’s main ad client for some years was…TikTok. Now TikTok is several times bigger […]
Twitter should change their business model
It’s been two weeks since Elon is in charge at Twitter and I just can’t keep up with all the ongoing mess. Not necessary an overall bad thing thou’… Seeing the tweet below, I was wondering if Twitter should change their business model. After all, they are having now the 7th CEO and the same […]
Meta is a cash cow and should act accordingly
“I want to take accountability for these decisions and for how we got here,” said CEO and cofounder Mark Zuckerberg in a statement after laying off 11,000 employees (13% of its workforce). Like I said in other posts (e.g. 1, 2), META’s role in the metaverse should be minimal, if not close to zero. Large […]
“Sustainable sourced cocoa”: Nestlé, well done!
“Sustainable sourced cocoa” – there is no secret that consumers are paying more and more attention to the ethics behind the products and services they use. In this regard, Everlane was visionary and Ethereum just practical. Nestlé, well done! Now apply this product strategy all over the world and then move to palm oil! […]
Romanian Academic Society of Management award for the best article in Management
Hard work forever pays. It’s nice to receive from time to time a recognition for what you are doing. The Romanian Academic Society of Management awarded us the prize for the best article in management. Just like in business, the sooner you close the feedback loop the better. Many greetings to Prof. Constantin Bratianu, Prof. Elena – […]