I replied to the other two posters with some detail but I will give you another story from a former employer:
This employer sold a tool that removed crappy data from salesforce databases. It was available for free from competitors, but the company was too proud to release it for freemium-type marketing.
So, they constantly had a revolving door of 30 high school graduates who would be calling literally random people that the IT guy scraped a list off of random sites. The quality of the data was atrociously bad, but the CEO didn't believe it was bad. He instead blamed the interns and the reporting, fired them all, and brought new, "hungrier" ones in and forced them to use an auto dialer.
Out of the 60,000 phone calls this team made, not a single one of them resulted in a sale. The company continues to burn 800k a month in losses.
They have tried to pivot to a Youtube presence, but they only have one guy doing it instead of a full team. Additionally, their product is shit and non-differentiated. So, it's only a matter of time until their Founder, who is worth 150M, decides its time to pull the plug on his terrible, disorganized side-project of a company.
This employer sold a tool that removed crappy data from salesforce databases. It was available for free from competitors, but the company was too proud to release it for freemium-type marketing.
So, they constantly had a revolving door of 30 high school graduates who would be calling literally random people that the IT guy scraped a list off of random sites. The quality of the data was atrociously bad, but the CEO didn't believe it was bad. He instead blamed the interns and the reporting, fired them all, and brought new, "hungrier" ones in and forced them to use an auto dialer.
Out of the 60,000 phone calls this team made, not a single one of them resulted in a sale. The company continues to burn 800k a month in losses.
They have tried to pivot to a Youtube presence, but they only have one guy doing it instead of a full team. Additionally, their product is shit and non-differentiated. So, it's only a matter of time until their Founder, who is worth 150M, decides its time to pull the plug on his terrible, disorganized side-project of a company.