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Comment by diceduckmonk | Hacker News Reader

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diceduckmonk·

> The company also raised another round of funding, this time $60 million

> in 2021, the brand was acquired for $45 million

I wonder what the founders' payout was.

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Regardless, she’s the CEO of Victoria Beckham Beauty now. Failing upwards is basically what HBS is for.

and sam altman sold loopt for ~funding and change. people have successful second acts after failed first ones. you get valuable experience running a startup even if it doesnt have a good outcome. encourage you to not have such a cynical view of things.

And how he's gone from selling blockchain bullshit to selling AI bullshit? Yeah, not exactly someone to emulate either.

i should also add that something like (i cant be bothered to research exact number but its there) 4 out of 5 MANGA CEOs are now MBAs lol and arguably they're all pretty good at their jobs. techies randomly shitting on business school is so last decade

"Business people tend to like giving business school people jobs" isn't exactly a new insight, and doesn't say anything about whether they're actually qualified for them.

Nah. People who go to b school are just out of ideas in their mid 20s and have already run a marathon. (Joking, mostly)

Plus we wouldn't have really known a priori that subscription box business models suck.

Solving for the economic fitness functions of the world requires compute, capital, and labor investment. Mental models alone are shallow.

Near 0% interest rates might be requisite too, or at least whatever you “solve” for at 0% will not necessarily be a solution at 5%.

Absolutely. It's probably the case with many businesses.

Most likely $0. Money raised is almost always preferred when it comes to an exit, so it gets paid back first

I doubt they had liquidation preferences. Factoring in par value, maybe they got between $50 and $5000?

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