Shopflo layoffs
Shopflo laid off 28% of the team today - still don’t understand how this company exists and is hoping to make any money.
Having no idea what to do next, they’re desperate to travel to US now to try and capture market there - reminder that this is a market with Fast and Bolt, both massively funded, shut down completely 🤡
Talking product sense with Ridhi
9 min AI interview5 questions
One click checkout has been a challenging product to pull off in every company
Apparently struggling to raise followup rounds and even justify current valuations 🤡🤡
An early stage company, with decent cash in bank (unless they burnt through their entire seed rohnd) and now laying off 8/29 people is just a master class on how not to run a company 🙌🏼
Funfact: One of the people affected was hired 3 months back, 3 MONTHS!! Clear lack of vision amongst the founders.
3 months sounds like a probation gone bad
Making money already lol - anyway running a business is hard and I’m sure the decision was not an easy one - hope this is one off and they make it big anyway
Looks like a cost-cutting measure that all these startups are doing in these tough times
Challenging times for all startups in general.
It’s very simple. Any company that enables D2C brands will not do well because D2C brands themselves don’t do well. Because meta is not focusing on ads as much and google is google lol. So cac will increase, retention will go down & audience quality will drop. In fact, no “d2c” brand does more than 30% revenue on their own platform. These companies literally are hunting for leftovers.
They can make more money by becoming Amazon analytics providers.
You are so wrong buddy
Rode on muh D2C bandwagon. One of the founders was hostel mate in Kota.