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by hownottowrite 4466 days ago
Suggested alternate title:

"Nice $40M ecommerce company - call me when it scales and I can profit obscenely while strapping you with loads of debt and/or other unwanted obligations/management advice so that you end up firing half of your staff after doing the thing I made you do because I now control the board."

From the "other" Fab:

http://betashop.com/post/72547337624/betashop-quarterly-volu...

On a personal level I took some justifiable hits in 2013. That goes with the territory when you raise money at $1B and then cut headcount and operating expenses as dramatically and swiftly as I did. I freely admit, when you grow revenue 500% year over year and become a media darling overnight, it’s hard to keep perspective. No doubt, we had lost perspective at Fab. We had started to dream in billions when we should have been focused on making one day simply better than the one before it.