ziszis
Joined 10 years ago
Joined 10 years ago
The termination letter indicates that the termination is for cause and may have implications on stock awards and other compensation:
"Under the Stock Award and other agreements, you are entitled to 20 days to cure the events that give rise to this termination for Cause. This letter constitutes the “prior written notice” triggering the commencement of that 20day period."
Instead a better model is to think about having a great product in a great market has phase 1. But if the company can't create a moat it still dies. "One problem with the Groupon model: Anyone can replicate it. More than 200 copycat sites have sprung up in the U.S., with another 500 overseas, including 100 in China."[0]
[0] https://www.forbes.com/forbes/2010/0830/entrepreneurs-groupo...
Andrew Anglin, the owner of The Daily Stormer, has been candid about how he feels about people reporting his site for its content. “We need to make it clear to all of these people that there are consequences for messing with us,” Anglin wrote in one online post. “We are not a bunch of babies to be kicked around. We will take revenge. And we will do it now.”
Don't see it in the source article.