Hydra Important
- Thread starter WillieDebo
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No, it's not. As evidenced by the multitude of idiots running corporations into the ground as a result of a myriad of character flaws.
At least if an AM flames out, he takes only himself.
If you can't relax as the CEO, you're not doing your fucking job right.
Sumit is a smart dude. It's unfortunate his bad writing sometimes disguises this fact.
As for Hydra, hopefully these changes are for the best.
As a side note, they rejected my application a few months back.
As for Hydra, hopefully these changes are for the best.
As a side note, they rejected my application a few months back.
Hello friend,
That why it important for me for write more English include here.
Can only be better with pratice more and no longer have steal page of landing and can write own.
Good luck bro
No, you're not allowed to talk shit about D because he's our bitch.
We got your back bro
I'm curious what it would feel like to get ousted from the company you built. I don't know anything about hydra other then a few affiliates like them. But, geezus as the founder what do you have to do to get thrown out of your company you built?
Hello friend,
Sometime it good for founder in company leave.
Sometime founder is like parent. Parent no want child for take risk. Want keep child safe.
But in order for company grow it sometime need to take big risk. Maybe more risk founder like.
There is saying famous if love them leave them.
Good luck bro
Good question. It's not uncommon for founders to move out of executive roles once outside investment starts rolling in (for example, Alex Zhardanovsky of Azoogle was their CEO until some point after they had a VC investment, but is still there today in another capacity, but getting fired along with another co-founder at the same time seems pretty uncommon.
The fact is that probably nobody here knows how the ownership, board, and voting structure is set up at Hydra, and nobody knows the true reasoning behind the ousting of the co-founders. For all we know, there could have been a very legitimate reason why these two were fired. When a company makes a significant staffing change of key staff (or of formerly key staff), there's usually a logical reason somewhere in the process especially when multiple people seemed to be involved with the decision. If I'm correct, the co-founders of Hydra were related, so the firing of both of them at once makes it seem like there was some underlying issue affecting both of them.
More importantly, if you started and built the company, how could you let yourself get into a position where you could ever be fired? This same shit happened to an old friend back in the late 90s. Started up an internet development company, built it up for a couple of years to the point outside investors came in, and got shown the door.
WTF?
Sometimes you need money.
Sometimes when you need money, the people that have the money want control since they are giving you the money.
If you really need the money, you take a deal lessons your control.
If you remember, hydra was complaining about not having a bigger line of credit. Which caused payment delays (since they are supposedly growing bigger than management had expected).
That's exactly the case. Many small companies get so blinded by the big dollars offered by venture capitalists that they don't notice all the small print in the deal that comes with the cash.
in a lot of cases simply have creative differences with the board/investors who have controlling ownership. Which is why the LA 'bigshots' I know who think they're god b/c they can get VC financing at the snap of their fingers are in my book right up there with Marsellus bent over in Pulp Fiction.
Cash is king.
I think a lot of marketers are fairly young, and probably haven't considered what is involved with reaching the top of the game, and then finding an exit strategy, where you get out and maximize your equity.
Smax has said it is a lot of energy required to run one of these firms. Once you've made a lot of money, become an industry leader, and the fun plateaus but the pressure keeps up, it's natural to want a change in direction.
In some cases, equity partners will only come on if the original management stays for X amount of time, to make sure the books weren't cooked, and that the management transition is seamless.
Sometimes these things don't work out. I think the lesson is, when you start selling off equity, you better be making a plan for an absolute withdrawal. Trying to stick around and run the show with diminished ownership is likely to cause conflict.
Smax has said it is a lot of energy required to run one of these firms. Once you've made a lot of money, become an industry leader, and the fun plateaus but the pressure keeps up, it's natural to want a change in direction.
In some cases, equity partners will only come on if the original management stays for X amount of time, to make sure the books weren't cooked, and that the management transition is seamless.
Sometimes these things don't work out. I think the lesson is, when you start selling off equity, you better be making a plan for an absolute withdrawal. Trying to stick around and run the show with diminished ownership is likely to cause conflict.
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