[puranjay]

Looking at startup hiring in the last couple of years, its kinda clear that most of these startups have just way too many employees. Their operations are not capital efficient at all.

Why does a D2C brand like Casper, for instance, not make a profit? Their physical counterparts are able to turn profits despite the cost of running physical stores.

Or why does a crypto exchange like Coinbase need 5,000 employees?

[tarsinge]

> Or why does a crypto exchange like Coinbase need 5,000 employees?

Because in many tech software companies there are also 5,000 employees, who are bored and over-engineered current tooling and best practices. It’s self perpetuating.